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I'll give you Facebook, and MAYBE Twitter. But WhatsApp is a messenger service, a space where tons of others have come and gone. I'm not sure what bleeding edge
by overcast 10y ago
I'll give you Facebook, and MAYBE Twitter. But WhatsApp is a messenger service, a space where tons of others have come and gone. I'm not sure what bleeding edge they are sitting on in regards to scientific discovery.
- hourislate 10y agoFacebook is worth more than all the major auto manufacturers in the world combined. It is worth more than Boeing and Airbus and General Electric combined. Where do they make the majority of their money? Is it advertising? or is it investments that they have made with public money? I am curious what their profits look like that their valuation is 328 Billion dollars.
- durga 10y agoIf you aren't being merely rhetorical just google for Facebook quarterly earnings
- imtringued 10y agoThat's because the VW stock price crashed because of "Dieselgate". The VW AG's assets alone are worth €381.935 billion and they achieve a far higher revenue of €213.292 billion (VW AG) vs $17.928 billion (facebook).
- kriro 10y agoThere are 1.2-1.5 billion vehicles on the streets worldwide. Roughly 1 billion people use WA and roughly 70% use it daily. There's clearly value because lots of people use it. You don't need any technical breakthroughs to create value. Possibly to monetize it but not to create it. Btw. the underlying technology is pretty cool imo but that's besides the point. I mean they had what 30 engineers when they were bought (for about 500 million users)? Erlang yay.
- overcast 10y agoNo one is denying their proliferation, we're debating their "bleeding edge scientific discovery". What was the percentage of internet users that were on AOL IM during its peak?