It's certainly better than most of the random valuation speculations I read on Techcrunch.
Very, very debatable. A back-of-the-envelope estimate on Techcrunch only wastes your time once. This endless stream of eternally-updating back-of-the-envelope estimates threatens to waste your time over and over again, as Fake Steve laughingly points out.
The problem with these guesses is that they're dynamic, and the up-and-down movements in the guesses are essentially pure noise, which you are now being encouraged to inject directly into your brain. If tracking hourly movements of actual stock prices is a waste of time -- and it is -- than this is an even higher order of stupidity: It's a waste of a waste of time.
Very, very debatable. A back-of-the-envelope estimate on Techcrunch only wastes your time once. This endless stream of eternally-updating back-of-the-envelope estimates threatens to waste your time over and over again, as Fake Steve laughingly points out.
The problem with these guesses is that they're dynamic, and the up-and-down movements in the guesses are essentially pure noise, which you are now being encouraged to inject directly into your brain. If tracking hourly movements of actual stock prices is a waste of time -- and it is -- than this is an even higher order of stupidity: It's a waste of a waste of time.