Jason Calcanis has an excellent post noting that Facebook madness has become so absurd people are now seriously suggesting that a company with 100 million in revenues could be worth 100 billion.
Ha – only a year ago knowlegeable people were scoffing at the notion that Facebook is even worth a billion dollars. Although Facebook has grown a lot in this past year and has distinguished itself as a brilliant Web 2.0 juggernaut powerhouse in social media, the hype is almost nauseating.
Unless, of course, you own a piece of the action….
Bubble investors better pack a a golden parachute, because it seems with all these low revenue sky-high valued companies it could all get very ugly very fast.