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Over the past few months, the country's biggest technology firms have spent billions buying startups. Are we watching another tech bubble about to burst?

In this year's first quarter, Google and Facebook, alone, announced deals worth more than $24 billion on little companies that have almost no revenue. Those deals seem to have spooked Wall Street; last week, technology stocks plunged and the tech-heavy Nasdaq index fell nearly 1.2 percent Monday.

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