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October 17, 2007

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Hey I remember the Blue Mountain deal. That was one lucky family. Talk about being in the right place at the right time.

We're gonna partay like it's 1999!

Milton, throw in the stapler and it's a deal!

Yes Bluemountain was profitless but it had a huge number of users sending its cards out to family and friends. Which is why @Home acquired it. They hoped to find a way to make money from those users, but it didn't pan out.


Facebook Clusterfuck


Facebook CEO stole the code and idea:
http://www.02138mag.com/magazine/article/1724.html

Facebook losing trust, tracking users when they say they weren't
http://news.yahoo.com/s/pcworld/140225

Beacon, their new ad platform, is getting crapped on by users, partners, and privacy groups.

Facebook showed that it's pure evil last week.

The $15B valuation is just what they use to price their employee stock options. When they offered me a job three months ago, they wanted to use a $20B valuation. I told them to go fuck themselves.

The valuation must have been done by some extremely optimistic analysts. Although the massive web traffic commands some serious respect the valuation should be based on a sites ability to generate a profit just like any other business. The internet is a very fickle place and sites like Facebook could collapse in a matter of months making them a risky bet for investors.

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