Steve Case, Chairman & CEO of Revolution and Co-Founder of AOL speaks with TheStreet’s Scott Gamm at SXSW in Austin, Texas on the risks of another tech bubble, record high valuations for tech stocks. The Nasdaq eclipsed 5,000 earlier in March, the first time since March 2000. Case isn’t too worried about a repeat of the tech meltdown from fifteen years ago, but said there are anomalies in the market where certain companies seem overvalued. Case also shares insight on Alibaba’s $200 million investment in Snapchat, pushing the app’s value to $15 billion. Some investors worry valuations in the tech space are becoming too frothy.
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