*Are we in #TechBubble Part Two territory? - Actually, it's not a real bubble at all.*

Maybe there's some froth in some places, but no bubble. Here's the simple reason why:

Everyone renewed their screams of "Bubble" with the $1B+ Instagram deal, and how "shocking" that valuation seemed for a mobile app start-up with 30 million users and no business model as of yet.

But you have to remember that Instagram was about to jump by 10M users or more with the addition of their #Android app, and more importantly, this:

"In 1999, there were 38 million broadband Internet users worldwide. Today, there are 1.2 billion people getting broadband Internet access on their phones."

-> plus.google.com/112964117318166648677/posts/N833YyWtziH

So would anyone have blinked then if someone had bought a company with 30M users for $1B? Hardly, in fact, someone called Time Warner was bought in January of 2000 by the company with all of the "other" (U.S. dial-up) users, AOL, for $180B, itself valued at about $165B at the time.

And while we all know how that went, no one really blinked at the time. Now THAT is a bubble...

Blast from the past -> money.cnn.com/2000/01/10/deals/aol_warner/

"...More importantly, it provides AOL, which already boasts more than 20 million subscribers through its AOL and Compuserve Internet services, high-speed broadband access to Time Warner’s more than 13 million cable subscribers, further reinforcing its position as the nation’s top online provider."

Related: businessinsider.com/is-it-a-tech-bubble-2012-4
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