Yes, Virginia, there is a tech bubble

This is not as crazy as the “Facebook is worth $15 billion” claim, but it’s in the same ballpark. Says here Nokia is paying eight billion (with a b) dollars for a map company. Can you smell the desperation wafting out of Nokia? Or is that herring? No matter. It’s just another sign that we’re driving these poor guys batty. I can just imagine them sitting around some big table wearing their Viking helmets and tucking into some reindeer steaks and saying, We must do something! Now! What can we buy?

God I love this job.