Facebook's $100 Billion Valuation Doesn't Sound Stupid Anymore

Yesterday Facebook blew away many technology pundits with the launch of the Open Graph as everybody realized Facebook’s incredibly ambitious goals. Everybody I talk to now is practically convinced that Facebook will become as big as Google, a company which currently has a $175 billion market capitalization. Years ago at Graphing Social Patterns, Mike Arrington publicly shunned Lee Lorenzen who announced that Facebook was a $100 billion company. At the time the audience applauded Arrington for calling it “bubble-like” talk.