Var kommer pengarna ifrån?
When Facebook IPOs, money will rain down upon the beautiful people of the Bay Area. Just like it is set to rain down upon the founders and staff of tiny Instagram.
Only, not to sound like some Fox News basher of all things federal government, but I have to ask…where does the money actually come from?
Instagram makes zero dollars. Facebook earns a few billion — damn fine. Only, they are valued **radically** higher than their revenues and revenue projections!