Re: Possible Facebook IPO: History reapeating itself?
Evan,
You picked just about the worst possible example for this.
Facebook is a cash cow.
They raised VC money when they were scaling super fast and focused on just growing users and page views, and weren't worried about monetizing anything yet.
They have just started that process and initial numbers are pretty staggering. They have been widely reported.
Now with Facebook Platform they instantly have created one of the most locked in and strongest ecosystems in the internet business world to help fuel their growth.
Your whole thesis is so messed up it's barely worth discussing. There are many indicators that point to a possible bubble repeating past mistakes, and many indicators pointing to things being very different this time around. But the starting point of your discussions is just completely backwards and fundamentally flawed.
Your research, analysis, and commentary is very disappointing.
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