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NOV 20, 2013 - Investors Business Daily

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Twitter, Internet company valuations spur bubble talk

With money-losing Internet companies getting sky-high valuations, some investors are feeling deja vu from the dot-com bubble. Talk of a new tech stock bubble is increasing. On Monday, activist investor Carl Icahn warned that the stock market could suffer a "big drop," because valuations are rich and earnings are being driven more by low borrowing costs than management's efforts to boost results, Reuters reported. Icahn recently pocketed a tidy profit on Netflix (NFLX), a company whose own CEO warned last month about "momentum-investor-fueled euphoria" in its stock. Twitter (TWTR) has ... Read More

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