Rating Yelp as a Bellwether of the Social Media Tech Boom

Yelp’s [NYSE:YELP] successful IPO this past Friday was a modern validation of an age-old economic precept.  People migrate to better and cheaper ways to do things they like to do.  People like shopping and going to restaurants.  And technology drives those trends.  Social media is the new Mega Mall, the most effective way for retail…

Wow, Even Tom Friedman Wants to Drill Baby Drill?

Can we talk about oil?  Tom Friedman now evinces excitement about his discovery of the emergence of America as “a major oil and gas producer.”  (See his Sunday New York Times column.)  No kidding.  He was, he says, tantalized by a tongue-in-cheek idea; the U.S. could join OPEC. Some folks are late to the party. …

The Good News Behind the Zynga IPO And What it Says About the New Economy

With headlines featuring words like fizzle and slump, do we conclude from Friday’s “disappointing” IPO of Zynga [ZNGA:NASDAQ] that social media is a bubble that’s run its course?  Hardly.  We are witnessing the inverse: the real beginning. By any reasonable business standard, especially in these dismal economic times, it is remarkable that a four-year old…