Do you agree with Warren Buffet that social network companies are overpriced?

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39%

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Privately-owned social networking companies are reportedly on the verge of going public. The big names in social media like Facebook and Twitter have have been making a buzz by having pre-IPO valuations at $65 billion and $5 billion respectively. But, without naming names, Warren Buffet cautioned that the pre-IPO valuations of social networks are likely to be unsupported.

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Photo: flickr.com

http://nymag.com/daily/intel/2011/03/if_you_ask_warren_buffet_these.html

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TAGS: Warren Buffet, social network, companies, overpriced, Facebook, Twitter, pre-IPO, $65 billion, $5 billion

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Do you agree with Warren Buffet that social network companies are overpriced?

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