Re: Possible Facebook IPO: History reapeating itself?
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OP I dont know why you would think one company valued at 2-3x revenues might be the start of another bubble.
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Because revenues aren't inherently worth anything. If they're cashflow negative with 500 mil in revenue who the hell cares?
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I'm curious how it's even possible to spend $500M operating facebook.
eastbay
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it's easy. you pay freshly minted college grads $90k and hire devs from google/ms/yahoo by offering them ludicrous salaries.
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even with 1000 employees (and i'm sure they have a fraction of this) at these salaries, that still doesn't cover $500m
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