Eugene David ...The One-Minute Pundit |
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Wednesday, October 24, 2007
Intel's CEO "sounds off":
On the sky-high valuations for Internet companies: "As a board member of Google, part of me likes that. But when you hear of a Facebook valuation at $15 billion, you wonder how you monetize that. There are a few apps [on Facebook] that have a lot of stickiness, and there's nothing after that.…If Google launches a site tomorrow, what happens to their valuation? The interesting thing about social networks is that one friend leaves and the others follow." A board member of the Great Eternal Wealth Machine of Mountain View and he says this?
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