News From Mashable : The Federal Reserve Chief Just Poured Cold Water on Social Media Valuations Janet Yellen, the chairwoman of the Federal Reserve, just poured cold water on the social media sector Ahead of her appearance before the Senate Banking Committee on Tuesday, Yellen released the Feds semi-annual Monetary Policy Report. Twenty pages into the report, Yellen spares a few words to address the issue of tech valuations. See also: How the Tech IPOs of 2014 Have Fared So Far [V]aluation metrics in some sectors do appear substantially stretched, she writes, particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year. Read more... More about Social Media, Stocks, Business, and Federal Reserve
Posted on: Tue, 15 Jul 2014 16:08:44 +0000
Trending Topics
Recently Viewed Topics
© 2015