Facebook is a private company, so no one outside of a select few really know how much money – if any – Facebook is making. But even it’s self-reported numbers don’t sustain valuations that give it a market cap of between $23B and $33B. By way of comparison, eBay’s market cap is $32B. As Mashable so ably puts it
What is appalling is that how many business publications are willing collaborators in this absurd deception. I am glad to see that the Wall Street Journal seems to have learned its lesson about this (see Twitter valued at $1 Billion say people with a vested interest in Twitter). H.L. Mencken had a simple rule of thumb for reporting a story like this: “It is hard to believe that a man is telling the truth when you know that you would lie if you were in his place.”
It may be impossible to speak too poorly of the late and unlamented bigot. The only one who can do him justice is Mencken. His obituary for William Jennings Bryan is a thing of venomous beauty and nails Helms and his ilk for all time.
In the obituaries much was made of Helms’ late-life conversion on several issues. Further proof, “the issues that he bawled about usually meant nothing to him. He was ready to abandon them whenever he could make votes by doing so, and to take up new ones at a moment’s notice.”
*Bryan testified against evolution and against the idea that man was a mammal at the famed Scopes Monkey Trial held in Dayton. Mencken’s coverage of the trial is some of the best reporting/commentary ever written and can be found in several of the collections of his writing.