Techmeme: Dear Warren: Here are the Overvalued Social Networking Companies (Paul Kedrosky/Bloomberg)

9:50 PM ET, March 27, 2011

Top Items:

Is It a New Tech Bubble? Let's See if It Pops — Banks pouring money into technology funds, wealthy clients and institutions clamoring to get pieces of start-ups, expectations of stock market debuts building — as Wall Street's machinery kicks into second gear, some investors with memories …

Discussion: Scripting News, @alexia, @cdixon and @om

Paul Kedrosky / Bloomberg:

Dear Warren: Here are the Overvalued Social Networking Companies — There is a cliche that companies waste half their ad spending. They just don't know which half. Something similar might be said about social networking firms. Most are overvalued; we just don't know which ones.

Discussion: CNET News, Thanks:pkedrosky

Chris / cdixon.org:

A few points about the “tech bubble” debate — Pretty much every day now a major blog or newspaper writes an article asking whether we are experiencing another tech bubble (e.g. see today's NYTimes). I don't know whether successful private companies like Groupon, Zynga …

Discussion: Launching Tech Ventures

Dean Takahashi / VentureBeat:
Silicon Valley is abuzz with bubble and recovery stories — too soon?

Discussion: SiliconValley.com and L.A. Times Tech Blog

MG Siegler / TechCrunch:

iOS 5 Likely Pushed To The Fall After A Cloud Unveiling At WWDC — Many people (including myself) were a bit disappointed that Apple didn't devote any time during the iPad 2 unveiling to talking about iOS 5, the next major revamp of the software. But there may be a very good reason for that: it's not coming anytime soon.

Jean-Louis Gassée / Monday Note:

RIM: The inmates have taken over the asylum — Once upon a time, the Blackberry was the king of smartphones. After a succession of Psion PDAs and Palm devices, I loved my Blackberry, it was the perfect PIM (Personal Information Manager). Email, contacts and calendar functions worked well together …

Discussion: paidContent

Casey Newton / San Francisco Chronicle:

S.F. tech jobs climb near level of dot-com peak — As technology companies' soaring valuations draw comparisons to the dot-com days, a new analysis highlights another similarity: The number of tech workers in San Francisco today is nearing its peak in 2000.

New York Times:
Silicon Valley Hiring Perks: Meals, iPads and a Cubicle for Spot

Discussion: Paul Kedrosky's …, @iainkennedy, @jason, SiliconValley.com, @loic and @stevecheney

Dean Takahashi / VentureBeat:

Nintendo 3DS review: Is it worth $249 and $40 per game? — Nintendo has done its best to launch a new era in video games with the launch of its 3DS portable gaming system, which goes on sale for $249 on Sunday. The appeal of this device, which can display games in stereoscopic 3D without glasses, is growing on me.

Discussion: Joystiq

Jared Newman / Technologizer:
Nintendo 3DS Launches, Haunted by Smartphones

Discussion: Digital Trends, The Business Insider and CrunchGear

Wall Street Journal:

Google Pursues Role in Mobile Payments — Google Inc. is teaming up with MasterCard Inc. and Citigroup Inc. to embed technology in Android mobile devices that would allow consumers to make purchases by waving their smartphones in front of a small reader at the checkout counter, according to people familiar with the matter.

Discussion: @amir_efrati

Sean Bonner / Boing Boing:

iPhone app store of “Color” may be best app store review ever — Sean Bonner has been involved with blogs and hackerspaces and art galleries and record labels of the punk rock variety. Now he's on Twitter. — The photo sharing/social network app Color launched last week …

Discussion: mike's posterous, Don't go outside and iPhone Download Blog

Philip Elmer-DeWitt / Fortune:

iPad 2: Out of stock by Saturday — A launch perfectly timed to coincide with the end of Apple's second fiscal quarter — Shoppers queued up for the iPad 2 in London. Image: onlygeek — Reports are still drifting in, but it seems likely that most of the 25 countries where Apple …

Discussion: VentureBeat, Pocket-lint, The Province, Technology Questions and Electronista

Chester Wisniewski / Naked Security:

Comodo hacker outs himself, claims “no relation to Iranian Cyber Army” — The alleged hacker of Comodo stepped forward this weekend to explain how he generated bogus SSL certificates for login.skype.com, mail.google.com, login.live.com and other popular internet websites.

Discussion: Errata Security and Computerworld

Joe Wilcox / BetaNews:

Firefox 4 usage share is twice Internet Explorer 9 in half the time — In the early battle for users, Firefox 4 handedly beats Internet Explorer 9, according to NetApplications. As of March 26, IE 9 usage share was 1.78 percent (in 12 days), according to NetApplications.

Discussion: Computerworld, Geek With Laptop, Asa Dotzler and The Blog Herald

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