here's a scenario for you - end of 2012, and for some reason ad spending is down and consumer spending has not increased as much as was forecast. the major plat

here's a scenario for you - end of 2012, and for some reason ad spending is down and consumer spending has not increased as much as was forecast. the major platforms that capture that ad money suffer hits to their stock. FaceBook will be public by then, and if they suffer a decline in profits, much less a decline in revenue, this early in their history, the luster will come right off, taking them from $100 to $30 in a few days. the reverse halo effect of FB will cause optimism about the resale value of shiny startups to decrease. by this time next year, PG is blogging about "sanity and wisdom" and how he has seen it all before.