Are you fucking serious? Apparently, the WSJ believes it to be true. I smell a gigantic bubble coming very soon and it will pop all over these MOFO's. This type of valuation for companies that haven't turned a profit were common in the dot com run up. These founders are stupid. They are 23 years old and don't want to sell for $3 billion for an app that doesn't produce any revenue?
Me think's they are about to pull a Groupon. For this kind of arrogance, I hope the bubble is full of human excrement.