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"I'm not really sure why everybody here is so bearish on FB." Here and everywher 100 Billion $ valuation for FB is nuts. "its an unproven company with a high
by forgottenpaswrd 14y ago
"I'm not really sure why everybody here is so bearish on FB."
Here and everywher 100 Billion $ valuation for FB is nuts.
"its an unproven company with a high P/E ratio, but so are most tech startups when they go IPO."
Startups do not IPO at 100 Billion but at hundreds of times less.
"I think Zuckerberg has shown that he knows how to innovate, grow the company, and even make painful changes that eventually lead to more growth and profit."
Zuck has shown that he is able to make people use their system. He has not show that people COULD PAY for this system for a 100 Billion company.
"Is this some kind of HN Schadenfreude?"
Schadenfreude means enjoying the misfortune of others. MZ and other founders are going to make less bilions for their work in single years, is that misfortune?. I don't think so.
FB valuation is going to be cheaper for those that buy in the future. This is good news.