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The valuations will fix themselves in time. That's how company valuations work.

Or they will crash and burn taking jobs, people and national economies with them. That's also another way they work.

No. The world doesn't end when overvalued companies go through corrections or failures. It may seem that way for some people and for some time, but whole economies do not just stop working. And really, we're talking about Twitter and Facebook here, not Enron and Bear Sterns.

> The world doesn't end when overvalued companies go through corrections or failures.

Nobody said anything about the "world ending".

And a few overvalued companies "getting through corrections or failures" has different effects than a whole lot of overvalued companies getting through corrections or failures. The second case is called a "bubble burst".

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