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First, let us start with a definition of a tech bubble.A tech bubble is the rapid inflation in the valuation of public and private technology companies that exceeds their fundamental value by a large margin. It is accompanied by the rationalisation of the new pricing, and then followed by a spectacular crash in value. (It also has the “smart money” investing early and taking profits before the crash.)Bubbles are not new; we have had them for hundreds of years (the Tulip Mania, South Sea Company, Mississippi Company, etc.). And in the last decade, we have had the dot.com bust and...

Facebook is approaching 700 million members but its growth is slowing and it lost users in the United States and Canada last month, the Inside Facebook website said Monday. Facebook had 687 million members at the start of June, said Inside Facebook, which closely tracks developments and trends at the Palo Alto, California-based social network. Inside Facebook said overall growth at the social networking giant "has been lower than normal for the second month straight, which is unusual." The United States lost nearly six million users in May, Inside Facebook said, falling from 155.2 million at the start of May...

Goldman noted that the transaction has received heavy media attention in recent days and said "in light of this intense media coverage, Goldman Sachs has decided to proceed only with the offer to investors outside the US." "Goldman Sachs concluded that the level of media attention might not be consistent with the proper completion of a US private placement under US law," it said. US securities law bars public promotion of private offerings and the Facebook deal has already reportedly attracted the attention of the US Securities and Exchange Commission (SEC). Goldman stressed that the decision to limit the offering...

(Reuters) – Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter. The social media giant is considering raising as much as $10 billion in its IPO, the report said. Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO. Facebook’s CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO,...