Do you think that ...
Zynga, valuation $5.5 billion, is worth more than EA games?
Or that Demand Media, valuation $1.5 billion, is worth as much as the NYT - When it lost $22 million in 2009 and $6 million in 2010?
Or that Facebook, with a $2 billion revenue in 2010, deserves a $50 billion dollar valuation? At a 20% net profit margin, Facebook would have an EBITDA of $200m, meaning a $50b valuation puts it at a valuation of more than 200 times their EBITDA. 'Course that's just educated guesswork at this point since they haven't publicized their numbers yet.
Just seeing some really inflated valuations lately.