To few numbers, me says. You have to inundate in order to confuse.
YouTube was about to make Google a extra 3/4 of a billion in net revenue, but the analyst’s estimate was off by a factor of 1,000. Now Mary Meeker & Co. have corrected their minuscule error, and changed the assumptions so they don’t wind up with a minuscule result.
Does this mean Bear Stearn’s estimate of Facebook’s value is really five to six million?