Diller: Bubble Ho!

The NY Post reports that Barry Diller, who built his company on cheap acquisitions during the Great Internet Nuclear Winter of 2001-2002, warns of a new internet bubble, based largely on valuations he's seeing today. Diller really held back: "We are on our way into a new bubble, and bubbles…

The NY Post reports that Barry Diller, who built his company on cheap acquisitions during the Great Internet Nuclear Winter of 2001-2002, warns of a new internet bubble, based largely on valuations he’s seeing today. Diller really held back:
“We are on our way into a new bubble, and bubbles eventually get pricked,” Diller said. “This growth will also produce an endless number of brainless ideas, short-term greed, ridiculous valuations, investor speculation and all the other lovely horrors we’ve so quickly forgotten.”

(via Bloomberg)

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

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