Many people believe that high growth technology companies are overvalued. Just by looking at today's paper one can see signs that would support that hypothesis. Facebook Inc.'s Marc Andreessen is feathering his nest by selling nearly half his stake. Additionally, Fidelity marks down the value of it's Snapchat stake by 25%.
http://www.wsj.com/articles/facebook-director-sells-nearly-half-his-stake-1447168207
http://www.wsj.com/articles/fidelity-marks-down-value-of-snapchat-stake-by-25-1447187088
Coincidence or trend? What do you think?
No comments:
Post a Comment