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How Facebook's Zucked-up IPO just killed the tech bubble

CNET:
You didn't really want to start partying again like it was 1999, did you? Good thing, too. Because you aren't going to get the chance -- not just yet, at least.

Before last Friday, many thought that Facebook's much-hyped IPO might trigger a reprise of the Internet mania unleashed by Netscape's 1995 public offering, when "companies" -- some with little more than a dot-com suffix and marketing spiel -- were able to lure investors en masse.
And just as in the run-up to the great tech bust, some saw history repeating itself, what with animal spirits convincing venture investors to award $1.5 billion valuations to cash-burning startups with TBD business models. It sure looked like a tech bubble was forming.

Then Facebook happened. More specifically, Facebook went public and all the expectation -- and, for many, hope -- that the industry was entering the next phase of the boom/bubble came to a screeching halt.

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