It sure looks like a bubble.
Maybe not the entire stock market, but consider this: Airbnb, an Internet middleman that connects travelers and people with rooms to rent, was recently valued at more than $10 billion.
emphasis mine. That was the the lead in of the NYTimes article.
What’s striking is that the Internet and biotech groups were the beating heart of irrational exuberance in that earlier bubble and they are setting off alarms again.
The rest of the article works towards questioning every thing the article attempts to convey.
What a waste of space.