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Facebook is a legend in its own mind and is not worth its valuation

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"The mistake people are making here is to say display advertising does not work in social networking," said Tamas, describing the American marketplace. "That is true, but what does work is much more intelligent ads. It's much more like television. People have not taken advantage of what Internet as a medium can do." This is a quote by the someone who is stupid enough to believe that Facebook is worth $10-$20 billion. If you believe that then there are some rocks I want to sell you that will turn to gold if you water them. Read More...
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