Are you ready for another tech bubble? Paul Kedrosky is. The venture capitalist and blogger believes that 2010 may see a wave of initial public offerings from companies that do various forms of social networking.Kedrosky points to the decision by Yelp Inc. of San Francisco to allegedly turn down a US$550-million acquisition offer from Google Inc. as one important piece of evidence for his theory. Yelp, a site that allows people to review local businesses, may be waiting for an even bigger payday — from investors like us.

Zynga Game Network Inc., a social gaming site, is another prime candidate for an IPO, in Kedrosky’s opinion. It recently raised US$180-million in private funding although it doesn’t appear to need the money. And, of course, there are the giants of the social networking world-Facebook Inc. and Twitter Inc.

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Tags: , social network, social networking, Social networking could be the next tech bubble

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