[Evan]

The funding I was thinking of was apparently 14 months ago. Jesus time flies sometimes. Anyway, that was $25 million and they had previously raised 12.5 mil, so the total is 37.5 over the last couple years. I was mistaken on the time frame. There was a rumor recently that the 25 mil was raised under "duress" because they desperately needed more servers and they had to sell off 10% of the company to get it. Facebook recently denied that rumor, it was originally reported by the London Times, so make of that what you will.

I think a lot of you are misunderstanding my point. I see a lot of people saying, "yea but last time all these stupid companies went public." Well yea, that's the point. Up until now these web 2.0 (or 3.0 or whatever term you like) companies had been staying private with their super high valuations.

Barron, I think you have a rose-colored view of how good the business models of a lot of companies getting VC funding are, but that's just my personal opinion. If you want me to provide evidence of companies raising way more money than makes any sense to me I can, but I don't think that's the point here.

maxtower, with all due respect, how could you possibly know how much facebook makes in ad revenue. All reports I've heard say that their target market (young adults) are actually performing worse than their already low expectations in terms of facebook advertising.

Hawk, I don't really care what term you use. Call it overenthusiastic investing for all I care.


To reiterate, I am NOT NOT NOT NOT NOT saying we're currently in a stock market bubble. I'm just doing a little bit of guesswork/storytelling to see if maybe we could be HEADED to one.