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? Obviously if you think they'll figure out how to produce cash that's woth buying, but that's the sort of optimistic jumpt hat was made often in the late 90's. I'm not saying it will happen again, it's just a thought that I think warrents discussion.
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