They were always grossly overvalued based on expected future earnings. Even reaching near $4bil in (supposed) revenue last year shouldn't have resulted in a 12 figure valuation, but a lot of it was unrealistically based on comparison to 2010 revenues and the percentage increase.
It's like when Nick and I put projections together here for investors. Percentage increases are realistically steep in early years, but can level off quickly once a business is established.
If Facebook had 400mil revenue in 2010 and 4bil in 2011, it's not logical to assume they'll reach 40bil in 2012, after all....
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Find us on for updates, including site issues. Also now on Reddit, not that I'm sure what we're doing there yet.
Don't piss off old people- the older we get, the less life in prison is a deterrent.
I'm pretty confident my last words will be 'well crap, that didn't work'.
Of all the things I've lost over the years, I think I miss my metabolism most of all.
Nachos are just tacos that don't have their s_it together.
I'm not adding this year to my age because I really didn't use it.
Ever notice that extra fries and exercise sound a lot alike?
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