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Let’s just agree the bubble has burst

Facebook’s post-IPO performance has been poor. But is it so poor that it will hurt the prospects for other startups? The short answer: Almost certainly.

 

What recession? It's boom time again in Silicon Valley

What recession? It's boom time again in Silicon Valley

Investors pile into Internet IPOs and start-ups, making overnight millionaires. House prices and salaries soar. Another dot-com bubble? Maybe, but with differences. As she unloaded groceries in the driveway of her Palo Alto home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.

 

Facebook Buys Divvyshot Site

Divvyshot, a photo-sharing start-up, said it had received an offer from Facebook it couldn't refuse.

 

Major Facebook Investor Hopes to Score with Chatroulette

Major Facebook Investor Hopes to Score with Chatroulette

Digital Sky Technologies, the Russian venture capital firm that has invested $400 million in Facebook, has apparently made an offer to buy a piece of Chatroulette, the webcam network where you can chat with random strangers. According to Spiegel Online, DST made an offer to 17-year-old Andrey Ternovskiy to buy a piece of his booming website. He has yet to say yes though, as he is traveling to the U.S. to speak with American venture capitalists before taking any investment.

 

Facebook Acquires a Third Startup, Shuts it Down

Facebook appears to have made a third acquisition — this one smaller than its two previous buys. What’s more, Facebook has shut down the company’s service immediately.

 

Zynga Is On A Tear; Claims Nearly 130 Million Social Gamers.

Social gaming startup Zynga is seeing some impressive traction. It now boats 129 million monthly active users across its portfolio of more than 30 games, according to both Inside Facebook's AppData(see chart) and Developer Analytics.

 

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