Tech Bubble Watch

Jesus Christ, People, How Many Times Does Peter Thiel Have to Tell You It’s Not a Tech Bubble?

Way back in December 2007, a straight-faced Peter Thiel told AllThingsD’s Kara Swisher in no uncertain terms, “There is absolutely no bubble in technology.” For context, this was way back when Facebook’s valuation, currently teetering at $100 billion, was a paltry $15 billion, you know, the kind of chump change Zuck would find in his couch cushions. Since then, Mr. Thiel has repeated his no tech bubble mantra over and over, stopping only to point an accusatory finger at the bubble around higher education. But that hasn’t stopped reporters from going back to the contrarian well. Read More