Re:Paul Graham's Letter to YC Companies
by ppop on Tuesday June 05, 2012 @03:40PM
(#4070435)
At the rate FB is falling, it will be worth less than 12 billion in 3 months.
[ Parent
| on HN ]
It's these kind of forward projections that cause booms and busts, ie. people assuming that housing prices will increase at a steady/regular rate over time. Just as we saw that this doesn't happen in a steady way, nor will facebook steadily decline over the next 3 months.