Update Techcrunch is now reporting the valuation at $900MM.

Just make it 9 Billion. Seems the way the valley goes these days.

I just want to take everyone in the Valley aside and sit them down, look into the crowd and calmly say "Hey guys, if we could please stop overvaluing every company that manages to set up a simple CRUD site with no revenue model, that would be great. Let's do ourselves a favor and not re-do the DotCom bubble. Thanks all and have a good night."

I think it's too late for that. We obviously are redoing said bubble. Just hope it won't burst as violently again. 2001 sucked.