Is a bubble coming? Well, is a valuation something passably sophisticated -- or is it a version of "Facebook has 500 million users... how much is a user worth?...oh, say, 100 bucks... presto, $50 billion!"
Maybe Google's IPO idea of "e * appropriate power of 10" lends a false air of accuracy -- all those digits! Not pulled out of thin air either.
PS. Ads? What ads? Facebook has ads?!?
Nothing in progression can rest on its original plan. We may as well think of rocking a grown man in the cradle of an infant. -- Edmund Burke