Tesla Motors Inc (TSLA), Twitter Inc (TWTR), Facebook Inc (FB): Dotcom Bubble 2.0?
“We’re living in a different time than the dotcom bubble of 2000 when you saw stratospheric valuations for things that seem to be or didn’t look like they were of any value,” Stone said Tuesday during an interview with “Squawk on the Street” anchor Carl Quintanilla.
The meteoric rises of companies such as Tesla Motors Inc (NASDAQ:TSLA), Netflix (NASDAQ:NFLX) and Stone’s own Twitter Inc (NYSE:TWTR) have led some market observers to wonder whether investors should brace for a second-coming of the dotcom bubble of the early 2000s. Stone, however, believes companies in that era did not provide the same level of intrinsic value as the current crop of tech companies.
“Even though we’re seeing big numbers now, they’re nowhere near as big as back then,” Stone said, citing the $164 billion purchase of Time Warner by AOL in 2000.
Watch the video below for more details:
You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)