Tuesday, March 18, 2008

Is Meebo worth the same as Bear Stearns (BSC)?

Another crazy day on Wall Street, another crazy valuation being shopped around in the valley! According to TechCrunch, Meebo, a no-download chat platform combining access to the most popular instant messaging clients is aiming for a $250MM valuation in their latest round.
Don't get me wrong, Meebo is an exciting company and with AOL opening up AIM they might even have a chance to become legitimate (an AOL insider tells me Meebo isn't exactly liked in Dulles, VA). But the same amount that JP Morgan Chase paid for Bear Stearns yesterday - that seems ludicrous to me. Then again, the guys at Meebo probably don't have billions of toxic CDOs tucked away in the server room!


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