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Are We Facing A New Tech Bubble?46:29
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We're talking about the debate over whether or not there's a new bubble in the value put on high-flying Internet firms. Are we partying like it's 1999?

Technology and stock market watchers worry that we may be in the midst of a new tech bubble. (AP)
Technology and stock market watchers worry that we may be in the midst of a new tech bubble. (AP)

All the woe aside, there is a hot spot in the U.S. economy.

It’s in high-flying Internet companies — again. Facebook. Zynga. LinkedIn. Groupon. Those and more are drawing billions in investor valuations.

Eighty billion, in the case of Facebook. They’re driving up Silicon Valley real estate, gobbling up venture capital, exciting IPO investors across the country.

That’s the excitement. And then there’s the fear.

That it’s dotcom bubble time again. That we’re partying like it’s 1999.

This hour On Point: weighing the real value to the U.S. economy of the Internet stars this time.
-Tom Ashbrook
Guests:

Gregory Zuckerman, financial columnist and reporter for the Wall Street Journal.

Peter Thiel, venture capitalist with The Founders Fund and president of the hedge fund Clarium Capital. He is serving as a board member for Facebook. He's also the co-founder and former CEO of PayPal.

Mark Suster, angel investor and investment partner at GRP Partners. He also writes for the blog "Both Sides of the Table."

Steven Levy, senior writer for Wired Magazine. He's the author of the new book "In The Plex: How Google Thinks, Works, and Shapes Our Lives."

From Tom's Reading List:

This program aired on July 12, 2011.

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