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@GaryMarcus @Scobleizer Did you put a short position in then? Otherwise its all hot air
@GaryMarcus It will pay off someday.
Funny many told me Instagram was overvalued the day Zuckerberg bought it for a billion. No sales. No profits. No assets. 14 employees. I argued with them that it was worth $100 billion. I was right. And these were billionaires who owned many businesses. That and many other similar experiences tell me that people are usually wrong when they try to value companies.
@GaryMarcus I told Bill gates to buy all of Web 2.0. He said my ideas had no business value. He later bought Skype a few years later for $6 billion more than I told him to buy it for. I have many such stories. But you are right. There are plenty of examples of things that went bust too.