Groupon's No Bubble!

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.”