Real Estate, Dotcom Bubble | featured news

Zillow Shares Double After IPO

Shares of real-estate website Zillow more than doubled on its first day of trading, giving the unprofitable Internet company a valuation of more than $1 billion.

 

What recession? It's boom time again in Silicon Valley

What recession? It's boom time again in Silicon Valley

Investors pile into Internet IPOs and start-ups, making overnight millionaires. House prices and salaries soar. Another dot-com bubble? Maybe, but with differences. As she unloaded groceries in the driveway of her Palo Alto home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.

 

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