Re:37signals valuation tops $100 billion after bold VC inves...
by coldtea on Sunday November 17, 2013 @01:26AM
(#6747852)
>He was making fun of facebook's $6.5b valuation (or maybe it was $10b). The fact that he was completely wrong (fb is now over $100b) doesn't stop people here from thinking that there's wisdom in this nonsensical post
Errm, how does the fact that FB is "now over $100b" prove that he was "completely wrong"?
How about: he was right that such valuations are crazy when FB was at $6.5b, and he is even more right now, as $100b is even more crazy.
It's not like FB somehow PROVED it deserved to be valuated as $6.5 at that time -- it just bubbled up even more in the stock market since.
If his premise was that such stock valuations are BS, then that's even more ammunition to his argument.
Errm, how does the fact that FB is "now over $100b" prove that he was "completely wrong"?
How about: he was right that such valuations are crazy when FB was at $6.5b, and he is even more right now, as $100b is even more crazy.
It's not like FB somehow PROVED it deserved to be valuated as $6.5 at that time -- it just bubbled up even more in the stock market since.
If his premise was that such stock valuations are BS, then that's even more ammunition to his argument.