Description: Commentary: Ironically, youâ€™ll win by buying banks now. â€œFacebook will become the poster child for the current social-media bubble,â€ warns economist Gary Shilling in his latest Forbes column, â€œjust as Pets.com was for the dot-com bubble.â€ Yes, Wall Street is repeating the 2000 dot-com crash as todayâ€™s social-media bubble crashes and burns.
Date: July 31, 2012
Questions for Discussions:
- Summarize the arguments for the doom and gloom outlook in this article.
- Do you agree with the basic premise?