Really??? Or: the internet is made of cats

From the WSJ Blog:

Facebook is more than a company bet. It is “an option on the World.”
[...]
The best question for FB is how to value it,” Needham writes. “Our point of view is that FB should be valued based on revenue potential from total minutes spent on FB times its powerful margin expansion engine.”

My humble take: the internet is made of cats, not friends. Also, dogs.