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August 7, 2008 / Toby Dayton

Facebook’s Valuation: Yet More Proof That Steve Ballmer Is Really An Idiot

In the same way that Craigslist is worth $5 billion only in Southpark’s theoretical internet dollars, Facebook’s ludicrous $15 billion valuation bequeathed to it by Microsoft is only valid using the same mocking currency. As if Steve Ballmer needs any more validation of his complete and utter buffoonery, Facebook insiders are valuing the company at about 25% of what Microsoft did just a while back.