Facebook

And the Universe Implodes...

As one of the founders of a money making company (small revenues admittedly) and a huge pipeline of new sites and technologies and a constantly growing traffic base, I'm amazed at the valuations that companies in the Social Networking space command. Frankly, I wouldn't want to be the guy left holding the bag when companies like Facebook, Bebo and Twitter need to pay the piper so to speak and actually start making money and generating an ROI for whoever ends up owning their stock, never mind having to justify their valuations.

I don't usually use this blog for personal musings and miscellaneous whatnot, but this was too good to pass up. Today I saw an ad on WebProNews trying (unsuccessfully for probably the 100th time) to get me to sign up for a $25 Facebook advertiser credit. In the ad they claim that Facebook has "100 million passionate users!"