Personal thoughts…

Tech, Hockey, and random thoughts…

The Truth about Ridiculous Valuations

If Facebook is “worth” 15Billion (which it’s NOT), then MySpace would be worth 65Billion…. which it clearly isn’t.

In the NY Post’s business section one of their articles today makes a very important point: this Facebook valuation is insane, and .com bubble-ish. They quote an analyst who applied the $357 Microsoft awarded for each registered user to MySpace, and came up with a $65b valuation. Three words: Not. Freaking. Likely.

“At $65 billion,” the article states, “MySpace would be responsible for all but $3 billion of News Corp.’s entire market capitalization – which clearly isn’t the case – and would be larger than CBS and Viacom combined.”

It’s crazy, I know, but sometimes the sheer number of users isn’t the most important thing. Irresponsible valuations, like this one, lead to solid companies with solid products, but without a surfeit of eyeballs, being ignored or, relatively speaking, undervalued.

Which is good for no one.

$240 million for a 1.6 percent stake in Facebook makes no financial sense at all. To be fair to Facebook, for a 3.5yr old company to have a revenue stream of 150M is stellar.

Now I wish I could say I believed that 10yrs from now Facebook would be at the top of the social networking scene-I’m not however, such a belief is an entirely different topic however.


October 26, 2007 Posted by | Tech Industry | Leave a comment

Reiterate: Women

Allow me to reiterate what I said a few weeks ago.

Women: You cannot live with them, you cannot live without them.
You get comfortable thinking everything is back to normal, and naturally a new personality randomly pops up.

Present Emotions: Frustration, Confusion, Aggravation.

October 9, 2007 Posted by | Relationships | Leave a comment

Chicago boos Wirtz’s moment of silence

To the surprise of absolutely no one Wirtz moment of silence at the last Blackhawks game intended to pay respect to his memory didnt quite go off as planned.

The fans joined in one united long and continuous boo.
Really, what did anyone expect?

Holding a moment of silnce deserved or not for someone that’s universally despised and hated in Chicago obviously wasn’t going to go off well.

October 9, 2007 Posted by | NHL-Other | Leave a comment

Pierre McGuire

Pierre McGuire has always been a little bizarre. His absolute love affair with Zach Parise and Dion Phaneuf is frightening in it’s intensity and his absolute conviction they they are respectively guaranteed to be racking up Art Ross/Norris Trophy’s.

Today he kindly furthered the perception of him as a nutcase.

He believes Cam Ward will win the Vezina Trophy. Why?

Cam Ward has now been married for a year and is used to it, and will thus stop more pucks. I only wish I were joking. Yes, everyone all you have to do is be married for a year and the Vezina is yours.

October 4, 2007 Posted by | NHL-Other | Leave a comment