In tonight’s spot on Phil Dobbie’s Balls Radio, we spoke about what I reckon is the impending burst of the second dotcom bubble.
The conversation was triggered by news that internet entrepreneur Peter Thiel has sold 20.1 million of his Facebook shares, almost his entire shareholding.
Given that he’s a serious internet investor — he was co-founder of PayPal and is now an angel investor — this is a pretty significant signal. And some of Twitter’s current desperation is, I reckon, further sign that the bubble will burst.
Here’s the audio of my segment. If you’d like more, Mr Dobbie has posted the full episode.
Podcast: Play in new window | Download (Duration: 11:04 — 6.0MB)
You can of course hear us talk live every Tuesday night from 7pm AEST on Sydney’s FM 99.3 Northside Radio.
I’m fairly sure that copyright remains with Mr Dobbie rather than being transferred to Northside Radio, but I’ll figure that out later.
[Update 3 September 2012: Edited to add link to full podcast episode.