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"What I am saying is that ad-based businesses aren't stable enough to warrant the valuations that we're seeing right now."

What valuations? You mean profits? I honestly don't know what companies you're talking about. Google? You're predicting the downfall of Google? Get in line -- there's been one for years, right next to the one that predicts Apple will Die Any Day Now[tm].



Haven't we already discussed this? Google is not your regular old ad-supported company. They have a unique position being an ad provider.

He can correct me if I'm wrong, but I don't believe Google was who he had in mind when he made that statement.




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