In five years, the NASDAQ Internet index has risen from 83.80 points to 400.34 points—an increase of more than 475%, reports the New Yorker.
It’s a sign that tech stocks are in a bubble just like the 1990s, says columnist John Cassidy, author of Dot.con: How American Lost Its Mind and Money in the Internet Era.
Cassidy has analyzed 20 major stocks, including Amazon, eBay, Expedia, LinkedIn, Google and Netflix. He examined their performance on four major metrics, including their price-to-earnings ratios and price-to-book values.
There’s troubling news for some of the biggest-name stocks. To learn which stocks Cassidy finds are not worth their listings, read more here.