Si Buffett lo dice sera por algo…..
Warren Buffett warned investors that valuations for social media firms are unwarranted, though he declined to name names, according to a report from Bloomberg.
Speaking in New Delhi, Buffett, chairman and CEO of Berkshire Hathaway, said that most social networking websites “will be overpriced,” adding that “it’s extremely difficult to value social networking site companies. Some will be winners, which will make up for the rest,” according to the report.
Buffett’s comments come as social media companies, including LinkedIn, Groupon and Facebook prepare IPOs for this year and next. The valuations for the companies — particularly Facebook’s, which has run as high as $65 billion — has spurred talk of a dot-com-like bubble in social media, though not everyone agrees.