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.
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