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Can we call it a bubble yet?

They have a billion page views a month. I have no idea how well they're able to monetize, but at a $.20 CPM that's $2.4 million in revenue a year. Presumably they're still growing too. It seems pretty realistic that the investors could make their money back on this deal.

I would guess that the majority of those visitors are minors without a credit card. Even if you could convince advertisers to pay for those impressions today, they would soon become wiser and realize that they have no value.

See facebook's steadily falling income as an example of this happening: sure they have a stupid number of pageviews, but people are learning the real value of a pageview today.

"they would soon become wiser and realize that they have no value"

Children don't need a credit card to be a valuable audience to direct advertising at.

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