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Frankly, this is as much confirmation as anyone should need that we are in fact in a massive financing bubble. The sums of money being bandied about are absolu

by doktrin 15y ago

Frankly, this is as much confirmation as anyone should need that we are in fact in a massive financing bubble. The sums of money being bandied about are absolutely mind boggling. 1 billion for a photo sharing app?

JumpCrisscross 15y ago
Billions for a pre-revenue video sharing site (YouTube)? Tens of billions for a social network (Facebook)? Remember that Yahoo! turned down Google for around $3 billion back in the day (before talks broke down with Facebook for even less). I don't know how they got to the price and so cannot argue its rationality, but having one's eyes glaze over because of the price tag alone isn't reasonable either.
- silentscope 15y ago
  the NY Times is valued at 900 million. just sayin'
  - PakG1 15y ago
    The NY Times is also part of what is widely considered a sunset industry, even with its online properties. It's not implausible for companies in sunrise industries to become more valuable than the NY Times in the future, even if their revenue models are not yet clear.
    - silentscope 15y ago
      print is a sunset industry. news is not. the ny times is about news, hence the apps and online deals they have. and just in case you think that's not enough, it's more of a revenue model than instagram had.
deleted 15y ago
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