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Prof. Aswath Damodaran on the high valuations of social media startups

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Excerpt from Los Angeles Times -- "The tech industry may not be in another bubble, said Aswath Damodaran, professor of finance at the Stern School of Business at New York University, referring to the rapid rise and fall of Internet companies in the late 1990s and early 2000s. But these paper valuations are a 'form of delusion,' he said."

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Additional coverage appeared on Business Insider.