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Haha, the HN post about Facebook has a very interesting comment which mentions the internet "a decade from now": > It is just a joke that Facebook could be val
by czardoz 9y ago
Haha, the HN post about Facebook has a very interesting comment which mentions the internet "a decade from now":
> It is just a joke that Facebook could be valued at $6 billion. An absolute joke.
> FB has 30 million users, and that's not considering potential duplicates.
> The number of active users may be even smaller than that, and some people like I only log on once a week or so.
> If FB gets sold for $6 billion, that means the new owning company would need to make $500 million a year for 12 years(!) to break even.
> Frankly, the Internet will probably be drastically different a decade from now.
> FB doesn't even make $50 million a year, who in their right mind thinks that they will all of a sudden make a profit off Facebook by spending that much money?
> I swear some of these big companies just like throwing money at things. Yes, the dot-com bubble is here once again.
Original comment: https://news.ycombinator.com/item?id=34165 https://news.ycombinator.com/item?id=34165
- sillysaurus3 9y agoMy favorite: http://web.archive.org/web/20130719195617/https://news.ycombinator.com/x?fnid=Uk2T1r85YJ http://web.archive.org/web/20130719195617/https://news.ycomb...
- czardoz 9y agoHmm, I see "Unknown or expired link" when I visit that. Is this a joke I didn't get?
- sillysaurus3 9y agoYeah, it was nostalgia. Expiring links used to be something of a plague. Made me chuckle a bit to see it again. http://web.archive.org/web/20070716155904/http://news.ycombinator.com:80/item?id=34095 http://web.archive.org/web/20070716155904/http://news.ycombi... is a good rebuttal to the FB criticism though.
- thevardanian 9y agoThey're not wrong. We live in cuckooland.
- omot 9y agoSounds like people talking about Uber today. "No way in hell is Uber worth xxx billion. An Absolute joke. Uber is losing xxx million dollars every quarter. Who in their right mind thinks that they will all of a sudden make a profit off Uber by spending that much money?" I mean this tells me that engineers (assuming on average there are more technical readers on hacker news) don't know anything about products and their values. Or it's just that people aren't capable of thinking long-term.
- a13n 9y agoErr, except Uber is actually in big trouble...
- wolco 9y agoThe accountants do and Uber's balance sheet makes them wonder if they will be as powerful in 10 years as yahoo is now.
- jstummbillig 9y agoOr maybe different things are different, and pointing at facebooks unlikely story to make a case for ubers long-term chances or broad claims about what engineers do or dont know is just as lazy as shunning uber without substantial insight into the field.
- pdog 9y agoFacebook now makes roughly $9 billion in revenue (and $4 billion in profit) per quarter.
- scholia 9y agoOriginal article (with interesting comments) https://web.archive.org/web/20070715031943/http://battellemedia.com/archives/003809.php https://web.archive.org/web/20070715031943/http://battelleme...