Strange days indeed
We got two more data points today. First, as Deal Journal colleagues Amir Efrati and Pui-Wing Tam reported, recent discussions with potential institutional investors have valued Facebook at around $75 billion — or $60 billion by another person’s reckoning. Cast your memory back to two months ago, when people were screaming “Bubble!” at a $50 billion value for Facebook.
Then, Bloomberg News this morning said Groupon has held talks with investment banks about an IPO that would value the daily discount company at $25 billion. Pause. Gasp. Again, just months ago Groupon spurned a takeover offer from Google for as much as $6 billion.