Facebook is set to IPO on May 18th with a valuation in the neighborhood of $100 billion dollars ($96-$108 billion, based on the high end estimates of $35-$40/share, which I think it will DEFINITELY hit). Depending on whether you’re looking at last year’s revenue or projected revenue for 2012, that’s giving FB a value of 20-25x gross revenue. GROSS.
Can anyone else say bat shit crazy?
Let’s do a little bit of math here. Based on Facebook’s 901,000,000 monthly active users (MAUs) (according to the latest revised S-1 filing) and matched to their revenue of $1,058,000,000 revenue in the first quarter of 2012, Facebook has gross revenue of ~$4.70/yr per MAU (give or take a tad.) Continue reading Facebook IPO – Why It’s Not Worth the Valuation
I’m an avid reader, and one of my favorite book series is The Hunger Games, by Suzanne Collins. I’ve read the entire trilogy twice (first book 3 times), and I’ve absolutely loved it with each reading.
She did an amazing job presenting the story in an emotionally gripping way, especially as it pertains to character development (creating characters the reader can connect with.) As such, I had a really clear idea in my mind of what each character was like, from Katniss and Peeta to Haymitch, Cinna and beyond.
When I heard they were making a movie, I was incredibly excited, but at the same time I was fearful. I mean, how often does a movie live up to the book? Continue reading Recasting The Hunger Games
Politics and corruption go together like peanut butter and jelly, and I have about as much admiration for what our politicians have done to our country as I do for a peanut butter and jelly sandwich.
I don’t watch much news, but I caught some of the most recent debate while I was at the gym, and I have to say I was pretty shocked.
The debate opened up with a shot at Newt Gingrich about the affair he had and his request for an open marriage that his wife recently spoke about. Newt’s response was to turn it around, and say how appalled he was that they would bring that up in the debate, and that it basically didn’t matter.
Why was he appalled? And why the hell did the people there give him a standing ovation? Has our country fallen so far? Continue reading Why Newt Gingrich’s Personal Life Should Matter to Voters