The points you bring up were all pretty much the same in Google's IPO letter. The difference is that our numbers (and earnings curve) were much better than Facebook's, and we IPOed earlier in the lifecycle.
The problem with the stock being so overvalued at IPO is that, unless they're offering a *lot* in terms of restricted stock units, they'll have a problem attracting the best eng talent from here on out.
(no subject)
Date: 2012-09-16 03:46 am (UTC)The problem with the stock being so overvalued at IPO is that, unless they're offering a *lot* in terms of restricted stock units, they'll have a problem attracting the best eng talent from here on out.