Jay Parkhill March 18th, 2008
The headline from VentureBeat captures the spirit of the times just about perfectly. Meebo, the IM-in-a-browser company that is "starting to focus on making money" is looking to raise a chunk of change at 4x the valuation of its last round and pegs itself as worth a quarter-billion dollars before that happens.
Meanwhile, Bear Stearns earned $233M last year according to its 10-K filing(and $2.3B in 2005 and 2006- oops) and was scooped up by JP Morgan for 1x last year’s earnings.
It’s going to be a strange year.finance
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