Which internet stock is the most overvalued
Livewire
Which internet stock is the most overvalued? This was the week that some Internet stocks hit an air pocket. Twitter, LinkedIn, and Pandora all fell sharply after issuing earnings reports that disappointed Wall Street. Relative to the rest of the market, though, online companies are still valued highly, and their prices have risen significantly. On February 6, 2009, the Nasdaq Internet index, which consists of eighty online companies, closed at 83.80. On Friday, five years later, it closed at 400.34. That's a rise of more than 475%. So which Internet company is the most overvalued? In all four categories it's Twitter, despite losing almost a quarter of its value this week. (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise