> Not to mention the logical fallacy at the core of your point
Yes, it's a logical fallacy. Another one is saying "I don't see any viable business model, therefore there is no viable business model".
Blast from the past:
> YouTube is a content paradise though. There's tons of value there and you can sell ads against it or even charge for premium services.
> Where's the money in Instagram? The content is practically worthless and their only real value is in their userbase. Even though I use the Instagram client, most of the time I see photos, they come through Twitter. So that also reinforces for me that any value is in the users and not the actual content, which is mostly crap.
> I'm more convinced that we're in a 2nd bubble now more than ever.
https://news.ycombinator.com/item?id=3818037
Another one:
> Does anyone else think this valuation is insane? It's like $300/registered user. The company doesn't have a business model. No way the handful of employees are worth $1B. My mind is blown.
It sounds like you're really into this and I hope for all of our sakes that you are correct to be all hyped up about AI. Because if you're not and that this is a horrific bubble that is going to burst then we're all in big trouble