Eugene David ...The One-Minute Pundit |
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Thursday, August 26, 2010
Facebook $33.7B Valuation Bests eBay, Yahoo [I Want Media link]
...based on secondary market transactions.... This is asinine. Less than a month ago Bloomy's Fairy Tales posited the great invention was worth $25 billion. We might remind ourselves that eBay and Yahoo! once had FAR GREATER MARKET CAPS -- how about $200 BILLION COMBINED? (our best guess) -- so comparing it to other strokes of Internet business genius says nothing. And THEY weren't worth that much even at the height of the dotcom craze. And the WIZARDOM OF MOUNTAIN VIEW hasn't done THAT great lately either.
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