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I love these cherry picked legacy articles from 'the paper of record'. So I will cherry pick what I think are the two best parts: > Consider Facebook, the pop
by gist 7y ago
I love these cherry picked legacy articles from 'the paper of record'.
So I will cherry pick what I think are the two best parts:
> Consider Facebook, the popular but financially unproven social network, which is reportedly being valued by investors at up to $15 billion. That is nearly half the value of Yahoo, a company with 38 times the number of employees and, based on estimates of Facebook’s income, 32 times the revenue.
Facebook has a market value now of $525 billion and obviously and $30 billion in EBITDA.
...and...
> Twitter, a company in San Francisco that lets users alert friends to what they are doing at any given moment over their mobile phones, recently raised an undisclosed amount of financing
In particular 'lets users alert friends to what they are doing'. I remember when twitter came out people were tweeting what they ate for lunch.