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At the same time that was happening, when I was at Google, we went from sub-$1bn valuation up to $150bn".
The credibility of social media would be dented, with a vocal group of frustrated investors – while those who pushed the valuation up to this level, and particularly those who sold out today, will have generated quite a return.
By delaying going public until speculation in the "gray market" had pushed its valuation up to an astronomical level, and then by pressing the underwriters to raise the issue price and expand the number of shares on offer, Facebook largely brought this fiasco upon itself.
This new Series C round pushes that valuation up to $100 billion, according to Bloomberg.
Previously valued at $165 million, the added capital brings Canva's valuation up to $345 million, the company says.
It drives the valuation up and makes it easier for people to get liquidity," one source told Reuters at the time of its story.
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Council houses have been sold off at valuations up to seven years out of date and at discounts bigger than those ever envisaged by Margaret Thatcher, a Guardian investigation has found.
Are valuations up or down?
And while many believe increased competition has driven valuations up, that simply doesn't tell the full story.
So why has Oracle's valuation gone up by a multiple of nearly eight?
Its market valuation ran up to more than $1 trillion, topping that of any company in history.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com