1. Portfolio

    Groupon's No Bubble!

    CHICAGO, IL - JUNE 10:  Workers work on projects at Groupons international headquarters on June 10, 2011 in Chicago, Illinois. Groupon, a local e-commerce marketplace that connects merchants and consumers by offering goods and services at a discount, announced June 2 that it had filed with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The company, launched in Chicago in November 2008 now markets products and services in 43 countries around the world.  (Photo by Scott Olson/Getty Images)

    Scott Olson / Getty Images

    First came the dotcoms, then came subprime mortgages, now comes … social media? With Groupon going public today, skeptics are ranting about a growing “social-media bubble” that will wreak havoc on the economy. Nonsense, writes Moneybox's Will Oremus. LinkedIn’s post-IPO performance may have been lackluster, but Groupon’s growth is explosive—and there isn’t nearly enough industry-wide data to demonstrate a bubble, per se. That’s not to say there aren’t risks. “You could make money, sure, but you could also lose it all,” writes Oremus. “That’s not a bubble, though. That’s the market.”

    Read it at Moneybox