Does the term 'bubble' come to mind?

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Kai Ryssdal: This final note ...

We did an interview the other day after news broke that Microsoft had bought a stake in Facebook -- $240 million for a percent and a half, which values the social-networking site at a staggering $15 billion. Kind of leaves Rupert Murdoch's $550 million for MySpace looking like a bargain.

There's a conference today up in San Francisco for Facebook programmers -- Facebook only, by the way. Folks that build widgets that go inside social-networking pages. Gerardo Cappiel was there. He's the founder of a startup called Gydget. We called him just to check on the mood, to see how people are feeling about dot-coms today.

Gerardo Cappiel: The level of excitement reminds me a lot of the level of excitement that there was back in 1996, 1997.

Yeah, if you're thinking bubble, that's exactly what crossed our minds, too.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, the most widely heard program on business and the economy in the country.


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