Archives: May 2012

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Why I don't believe in these crazy technology company valuations

The debate about the potential second technology bubble is all over the media. One of the first milestones that will determine the outcome of this story happened on friday, when Facebook went public. As opposed to other (smaller) web IPOs of the past years (LinkedIn, Groupon, Zynga, Yandex), the price on the first day stayed on the same level. This was to be expected, since Facebook received the valuation of 100 billion dollars. To put that in perspective, that's around half of Google's value, and about the same value as Amazon has. But Facebook makes 10 times less revenue than Google does, and its revenue growth is slowing down. Was Facebook valued too high? It seems so, and some analysts are already saying that most of the stocks were bought by institutional investors to keep the share price above 38$.

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written 9:14 CET on chronolog
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Queensday in Amsterdam, the greatest party in the universe

In my life, I've visited many parties, events and festivals. But nothing quite beats Queensday, the holiday celebrating the (previous) Queen of Netherlands' birthday. Every April 30th, festivities are taking place throughout the country, but the greatest gathering happens in Amsterdam, where around 700.000 people take over the city. Amsterdam is one of the coolest and most easy-going cities in Europe, worth visiting by itself, but if you want to see something like you haven't seen before, you should do yourself a favor and visit the Koninginnedag.

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written 18:35 CET on chronolog
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Security questions are the dumbest thing the internet has ever invented

At one point of the evolution of the World Wide Web, somebody came up with this fantastic idea. This person must have thought that the problem of securing your online identity was just solved in a very elegant form: security questions, which only the person who owns the account is able to answer. But there's a problem. Even if security questions worked at one point in time (which I also doubt), they simply don't work anymore, so you might as well lose them. Luckily, most services already did that, and Facebook tried to innovate this feature with "recognizing friends" alternative, but I somehow still manage to find them. And fail using them.

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written 21:05 CET on chronolog
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