This is absurd. And a disturbing symptom of cultural decay. Can a company whose main achievement has been to turn an entire nation into teenage girls (Would you be my friend, please? Can I see your pictures?), wasted billions of hours of what might have been productive time, and has otherwise produced absolutely nothing, possibly be worth $104 billion? That’s more than five times the value of all Major League Baseball teams combined.

We used to value companies that made serious stuff. (See General Motors in the city formerly known as Detroit. Or Ford, for those of us old enough to remember when the Mustang was hot.) Now we value a time frittering device invented by a guy who for formal occasions puts on a clean T-shirt.

Bah humbug.