Looks like somebody is trying to cash in their chips before the casino burns down.
Facebook is so massively overvalued that the only thing smart people can do is consider this period being close to the high water mark and get ready to get out while the getting is good. I don't think the swelling dot com bubble will be anything like the one at the turn of the century, particularly in the sense that I don't think many of these overvalued companies will actually fold, but I think it's safe to say that how ever it turns out, some folks are going to lose a warchest full of capital investment by the time this is done.
Facebook is so massively overvalued that the only thing smart people can do is consider this period being close to the high water mark and get ready to get out while the getting is good. I don't think the swelling dot com bubble will be anything like the one at the turn of the century, particularly in the sense that I don't think many of these overvalued companies will actually fold, but I think it's safe to say that how ever it turns out, some folks are going to lose a warchest full of capital investment by the time this is done.