Silicon Valley firms are over-valued; here's why a correction is coming
Businesses have been enormously effective in raising funds from investors
Last Updated at July 31, 2017 12:14 IST
As Facebook’s shares hit a record high, CEO Mark Zuckerburg will be patting himself on the back for bucking the trend and outperforming financial projections for eight consecutive quarters. Meanwhile, many of his competitors are worried – and they should be.
While Evan Spiegel, 27-year-old CEO of Snapchat, enjoyed a yachting break, his company’s shares sunk below their launch price. The market is losing faith in the social sharing app’s ability to find features that Facebook cannot instantly copy. Similarly, Travis Kalanick, ex-CEO of Uber, is ...
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First Published: Mon, July 31 2017. 12:13 IST