Today news
About the same in other media
John Malone says there's a misguided 'land rush' in stocks right now akin to late '90s bubble
Reading now: 872
cnbc.comLiberty Media Chairman John Malone said the sizzling IPO market and soaring equity valuations remind him of the dotcom bubble in the late 1990s.
«There's no question that the equity markets right now are so interested in growth above all other criteria and this is, like, the bubble in the late '90s… through 2000,» Malone said in an interview with CNBC's David Faber. «It's all about growth. This is a land rush right now. Profitability to be determined later.»
It's been a blockbuster year for U.S. public-market listings, which just surpassed an unprecedented $1 trillion marker, a record that more than doubles 2020 levels. Amid the IPO boom, many money-losing startups are able to score sky-high market capitalizations that some believe are
Read more on cnbc.comAbout this in other media
$46 billion fintech Klarna sees losses quadruple amid surging demand for buy now, pay later cnbc.com /2 years ago
Johnson’s plan for Irish Sea bridge or tunnel rejected by official study theguardian.com /2 years ago
El Salvador’s adoption of bitcoin a concern, says Bank of England chief Andrew Bailey moneycontrol.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
