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

1 Faculty News November 16, 2013 ![Los Angeles Times logo](/sites/default/files/styles/246w/public/assets/images/con_032838.jpg?itok=d4eVwIbD)>

Excerpt from [Los Angeles Times](http://www.latimes.com/business/la-fi-tech-values-boom-20131116,0,3767765.story?track=rss&cid=dlvr.it&dlvrit=52116#axzz2kosXXSQI) -- "The tech industry may not be in another bubble, said [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/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."

[Read more](http://www.latimes.com/business/la-fi-tech-values-boom-20131116,0,3767765.story?track=rss&cid=dlvr.it&dlvrit=52116#axzz2kosXXSQI)

Additional coverage appeared on [Business Insider](http://www.businessinsider.com/snapchats-value-a-form-of-delusion-2013-11).