In terms of news outside of the technology sphere, Facebook sure gets a lot of exposure. It’s understandable: the company has been able to amass over 500 million users. That’s no small feat. But the idea that Facebook could become “the most valuable company in the world” makes me smell a bubble. And I’m not even sure what bubbles smell like.

I understand that valuations on web properties tend to come from the amount of users that a site has. Facebook has a lot, more than anyone else. The going wisdom is that as long as you get the users, the revenue will come, right? Maybe, Maybe not.

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