Hacker News Reader

That is his opinion, and I doubt it would stop someone from buying the product. Mr Arrington bashed Ning on of his first reviews and said it was headed it to the Deadpool. Well, 560M dollars later, Ning prove that Mr Arrington opinion is just that. He can help you with a lot more traffic than your servers can handle, but he won't stop people from hitting BUY if they like it enough.

View on HN

Just to nitpick: Valuation != $$$. The amount of money Ning raised in its last round ($60 M) is big enough.

I wouldn't exactly qualify Ning's funding as egg on Arrington's face.

Neither would I, however he offered other reasons for changing his opinion on the value and prospects of Ning well before their recent funding round.

Example: http://www.techcrunch.com/2007/02/26/ning-in-full/

Reply on news.ycombinator.com