We went through this already : Against: "Facebook is not worth $33 billion" http://37signals.com/svn/posts/2585-facebook-is-not-worth-33000000000 http://37sign

We went through this already : Against: "Facebook is not worth $33 billion" http://37signals.com/svn/posts/2585-facebook-is-not-worth-33000000000 http://37signals.com/svn/posts/2585-facebook-is-not-worth-33... For: Everyone who understands market valuation http://news.ycombinator.com/item?id=1720050 http://news.ycombinator.com/item?id=1720050 A detail somewhat in the middle: DHH is mostly saying that these companies should not be worth that kind of money before they have some serious revenue. He's not saying that they will never be worth their current market valuation.