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Re:Paul Graham's Letter to YC Companies by alex_marchant on Tuesday June 05, 2012 @01:29AM (#4067466)
I think many people misinterpret the IPO crash. It's not that the market thinks Facebook is a weak company, or in a weak position. I don't think there are many financial analysts that would say Facebook as a business is on the decline (a la RIM). The return was simply not worth the price at the previous valuation.
Re:Paul Graham's Letter to YC Companies by philwelch on Tuesday June 05, 2012 @04:32AM (#4067898)
Agreed. It's bullish on Facebook to value it at half of, say, Amazon. It's absolutely ridiculous to value it equivalently to Amazon.