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Dan Lyons fears Facebook investors encouraging insane IPO valuation: 100 billion?

His standard is rationality.  If the question is why; here’s why….  The Wesleyan Media Project released a report on Monday, which demonstrates that the Supreme Court’s decision in Citizens United, has resulted in a 1627% rise in Superpac media attack ads since the 2008 election. Spending by these groups and their billionaire funders has risen by 1282% and we are not half-way through the Republican primaries.

 Lyons is using the wrong standard.  It is not about the value of one Tech Company against another.  Facebook v. Google in the social networking sphere in relation to revenue is not the true measure of Facebook’s value.  Like Google, it might possibly be worth twice as much to certain members of the 1%. Facebook may only be seven years old, but even if you agreed that it has “a great story and an amazing brand,” that’s not an indication of its true value.  Lyons admits: “Who hasn’t heard of Facebook? Who doesn’t use it?” Half a billion people use Facebook every day.  Those in the know have noted the introduction of TIMELINE.  The feature promises to reveal, “All your stories, all your apps, and a new way to express who you are; it boils down to a single scrolling page that contains much of your Facebook existence, chronicling everything that you have done.” Select any year and Timeline will show you what happened in your life in that year.” Next, there is the new OpenGraph feature, which continuously updates your profile, as it discovers new things from your friends. The music application alone is designed to constantly keep the world informed as to what a person is listening to.  Lifestyle apps will track what you eat, where you jog, play, work, PERMANENTLY. The Facebook F8 Developer conference unveiled the company’s plan: to execute agreements with a number of companies to bring the content that Facebook users are watching or listening to around the web into their Facebook profile in real-time.

If multi-billionaires are on the verge of securing that highly coveted a 9% tax plan that brought the likes of Herman Cain into the national spotlight, what’s a mere 100 billion between them to secure the kind of power that having that much information on the whole of the electorate can ultimately buy.