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ZOMG Cupcakes

2013_4_Crumbs.JPGHas the gourmet cupcake bubble finally burst? The Wall Street Journal today takes a look at the steady decline of the former-national obsession, highlighted by a recent 34 percent drop in the stock price for the NYC-born Crumbs chain. A spokesperson for the industry notes that "Demand is flat. And quite frankly, people can bake cupcakes." [WSJ via Eater National]