Is Facebook really worth $15 billion?!?

Confession time. Here's what I dream about at night:

Every wannabe media mogul has had this fantasy. You’ve won the lottery of lotteries and now have a cool $15 billion ($15,000,000,000) sitting in your bank account. So what media company would you buy?

READ ON to learn why Facebook's $15 billion valuation is the most absurd economic digital development since AOL backed into Time Warner at the climax of the Web 1.0 irrational exuberance.