An NYT column ends with:
"Here’s a suggestion to every Internet executive: take a Post-It note, write “EBay wasted $3 billion on Skype” and stick it to your monitor. Stare at it the next time some hot social whatever-2.0 company comes by and talks about growing fast and finding a revenue model later."
I thought the purchase was insane when it happened and feel better that I've been proven right. Old business valuations do apply in the new market and for some reason, people still do not want to believe this. Anyone looking at Microsoft's potential $500 mil. "investment" in Facebook with the same chagrin as I (i.e. embarrassment on behalf of MS)?
