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Tuesday, November 06, 2007

Smoking Crack - [10:30 AM]

The Economist: "That is a very small stake, but it nonetheless values the three-year-old firm at $15 billion, an amount that experts think is mad." - Do you remember the internet bust? The downfall that brought all of tech to its' knees for a while? This is complete insanity, $15 billion, based on what? I know there's an entire crowd of people that believe taking drugs expands your thought process, I'd bet there was some crack smoking involved in this valuation.

I think I'm getting old. For all the hype I still don't get Facebook. Sigh...

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