Musicmaker.com's Ridiculous IPO
from the stupid-IPOs dept
Okay, foget everything I’ve been saying about investors starting to distinguish between good and bad IPOs. I was apparently duped. If Musicmaker.com, a company with $20,000 in revenues last quarter can go public with a valuation of $600 million something very silly is happening. Update: The Standard has a good summary of all the articles that pretty much ignore the problems MusicMaker is facing.