[xx44]

OP I dont know why you would think one company valued at 2-3x revenues might be the start of another bubble.

The tech bubble had literally 100's of companies with little or no revenues financed with all VC money. Because nobody really understood the nature of the internet at the time, valuations were nearly impossible to make with any acuracy. Inv banks just bought into the idea, along with the public, that any company with a .com attached to it would be able to reach millions of more consumers and eventually be profitable. The "I dont want to miss this one (irrational exuberance)" mentality only added fuel to fire.

I think your comparing apples to Licoln Town cars.