Hey, remember that $15bn Facebook valuation on the back of $150m in revenue but $0 in profit? It turns out that Zuckerberg's baby plans to make a net loss of $150m in 2008. Even if you take away all the spending they intend to make on servers and equipment -- which you can't do; those servers will need to be constantly replaced -- they will make only $50m, making their valuation a whopping 300x profit.

And this is all assuming that their projected revenue of $300m, twice that of 2007, comes true in 2008. Good luck doing that as an ad-supported service in the middle of recession, guys.