Saw this on Twitter. Again.
Seems to float on Twitter whenever Facebook announce earnings.
Here is the link to the original article: Facebook is not worth $33,000,000,000 – Signal v. Noise
DHH has some major gems and his books/talks are really good but he couldn’t be more wrong on this one.
I don’t think he’s a hater though. Just completely wrong.
So here’s to people who keep pushing even though you’ve been told you’re doomed.
To be fair, that was written in 2010… at a time when companies were investing lots for super tiny slices of Facebook’s pie starting with Microsoft’s 240m for less than 2% in 2007. Since that time, Facebook IPO’d and the market seemed to disagree with the investors for close to a year before Facebook started showing significant returns enough to restore faith in shareholders.
Facebook was not worth 33 billion dollars to DHH in 2010 but he didn’t say it never will someday.
