4 ms·
I'm not even sure that their business model is unsustainable. The growth that would be necessary to justify their current valuation is probably unsustainable, m
by fennecfoxen 15y ago
I'm not even sure that their business model is unsustainable. The growth that would be necessary to justify their current valuation is probably unsustainable, mind you. But there's easily a good little business there. It just happens to not be worth 7 billion dollars :)
- mikeash 15y agoSame here. I was really skeptical of the claim that Facebook advertising isn't worth the money. I think it's far more likely that it is worth the money if you sell the right sort of thing, and this guy just moved in circles where people didn't sell things that advertised well on Facebook. However, the "Ponzi" thing stuck out at me much harder.