Peter Kafka

Recent Posts by Peter Kafka

Okay, Okay, It's a Bubble! "The Office" Says So.

There’s the public “are we in a bubble” debate, and there’s the private one, where investors tell you what they really think. You should ask some!

But in the meantime, here’s a disturbing indicator: Now network TV sitcoms are parodying the notion of investing in revenue-free Internet start-ups. That’s a market top, no?

NBC really went to town on this one, by the way: There’s an entire mini-site dedicated to, and it’s really well-done (it also makes more explicit reference to Facebook and “The Social Network” than the allusion in the clip above). Make sure to check out the investor section, which includes this awesome chart (PDF).

The fine print is pretty great, too. I’ve pulled it out here so you can read it:

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of would have done better.

— Gitesh Pandya of comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”