I think this article's sentiments is just to point out how tech business that are given highly speculative valuations rarely pan out. Think about Facebook's im

I think this article's sentiments is just to point out how tech business that are given highly speculative valuations rarely pan out. Think about Facebook's implied value of $15 Billion. A traditional company is valued at about 2 or 3 times annual revenue, or perhaps 8 to 10 times annual EBITDA. This would require Facebook to mature with revenues around $5 Billion a year, and EBITDA of $1.5 Billion. Their speculated revenue of $50-$60 Million last year is about 1% of that mature target. This article is saying that these tech companies may have indirect benefits that are hard to quantify, their core value continues to be questionable.