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So the early investors are treating it like a ponzi scheme. they need to make the valuation ever higher based on speculation of future value of Facebook.
by nextparadigms 14y ago
So the early investors are treating it like a ponzi scheme. they need to make the valuation ever higher based on speculation of future value of Facebook.
- stanleydrew 14y agoThis doesn't really have anything to do with valuation. There isn't any more or less equity being created. The early investors are simply deciding to sell more of their existing shares.