Until 5 minutes ago, I had never heard of Yammer and had no idea that Microsoft is closing a deal to pay $1B for yet another regurgitation of Twitter and Facebook. I suppose the founder is earnestly naive to the fact that his Marie-Antoinette-themed birthday party (complete with celebrities and whores) embodies the precipitation of the French Revolution.
Lavish parties coupled with the offload of stupid business assets for premium prices — shortly after Facebook insiders exercised their exit strategy via an IPO — It’s like that time Goldman Sachs sold their synthetic CDOs to Deutsche Bank. Other people seem to be able to identify the height of the bubble, clear as day — Did Microsoft misplace its bifocals again?
I’m just sad that I didn’t get to ride this wave either.