Posted
10:32 AM
by Gene
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?