Great Moments In Tech Punditry: The Day Facebook Lost Half Its Value

Angel investor and fight picker Jason Calacanis on February 10, 2010:

Facebook lost half its value today.

Google Buzz 1.0 is a better product than the seven-year old Facebook. Look at Scoble’s post from TED… he never left GMAIL and he instantly has tons of comments… and they are more intelligent than the ones on Facebook.

Facebook has stolen everyone’s ideas for six years and today they just got a taste of their own medicine. Google has ripped off their interface and done it 10x better.

Game over… Facebook is the new MySpace.