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Re:Paul Graham's Letter to YC Companies by johncarpinelli on Tuesday June 05, 2012 @01:34AM (#4067479)
FB is a strong company and they'll probably get back to a $100bn valuation in a few years. However, I don't think FB is the source of the current tech boom. It is driven by smart phones and app stores. Suddenly, there are a billion people walking around with internet tablets in their pockets. FB benefitted from this new platform just like Instagram, Dropbox, Airbnb etc.

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