It's been a couple months since its IPO and Facebook is looking like a shiny turd. Ok, maybe not too shiny. Did I see this coming? Well, I won't say I saw it coming because there's no accounting for the crazy of the stock market, but I never could figure out a few things, like.
- How does a company making about $1-2 billion a year, warrant a valuation of $100 billion?
- Running a startup is one thing, running a real company is another. Everyone assumed Zuckerberg was up to it.Why?