The tech bubble is real — but it’s not where you think

The tech bubble is real — but it’s not where you think

There are plenty of reasons to worry about the new lust for tech stocks. King, the UK-based maker of Candy Crush, will be valued at up to $7.6bn when it lists in New York next month, despite being perceived as a one-hit wonder with few apparent plans for the future. Twitter is valued at $30bn after listing in November, 23 times its estimated earnings for 2014 despite failing to post a profit in…

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