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'Overpaying' is just an opinion. Obviously we can only speculate, but many people scoffed at Google's share price at IPO - anyone who bought-in despite that now looks like a genius.

Also, as outsiders, it's impossible to know enough about what the exact funding situation for Facebook looked like at the time to make conclusions about overpaying.

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Except Google had a good balance sheet/P&L...Facebook is barely profitable...and facebook has already reached it's peak.

> and facebook has already reached it's peak.

That's a ridiculous statement. Like Facebook or not, they've attracted a world-class team, are growing increasingly fast, and have consistently innovated in ways the rest of the Valley hasn't seen coming. The announcements at f8 just a few days ago are a great example of this. Facebook may or may not become Google -- or even Microsoft -- sized, but their risk is almost entirely execution now (and they've continually proven they know how to execute).

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