3 ms·

I bet it's worth more than that.

by paul 16y ago

far33d 16y ago
Facebook is one of the few companies in the world with unbounded potential. It's a cultural phenomenon that has changed the way people use the internet and, more importantly, has changed the way people interact with their real friends. Very few companies change culture and daily interaction like this. Is it worth $33b today? Not sure. Could it be worth $200b someday? Could Facebook be bigger than Microsoft? Bigger than Google? Bigger than Exxon? Maybe. I can't think of any other company for which "maybe" is a reasonable answer. That's why investors value it so highly.
- code_duck 16y ago
  I've heard this same thing about AOL, MySpace, etc. and really, who knows. People who have come to the internet and use nothing but Facebook will discover there are actually other sites out there, or they may get tired of Mafia Wars spam. Someone could create something more innovative. I think Facebook will continue to become more valuable, but they're not going to take over the entire world.
  - emit_time_n3rgy 16y ago
    I'm interested to see what becomes of Diaspora* http://joindiaspora.com http://joindiaspora.com They're featured in an article entitled "Defacebook" http://nymag.com/news/features/establishments/68512/?mid=facebook_nymag http://nymag.com/news/features/establishments/68512/?mid=fac...
riffer 16y ago
And unlike most of these jokers, you actually have the bet on.
vessenes 16y ago
Thanks for saying this -- I think it's interesting that the comments here boil down to: . Disbelief that FB is worth that much, or . ad-hominem attacks one way or the other, or . Technical discussions on whether there's sufficient liquidity to get a real 'price'. When I look at what facebook has done, and the absolute fucking mountain of data they sit on, FAR better quality than Google's in my opinion, If I were on the board, I would be thinking "brilliant job executing on growth, guys. I'm deeply excited to see you make all this pay once you're not running around putting out massive fires all the time." It's not going to be rocket science to make it pay, and pay, and pay... Taking another slice: I'd bet my entire (comparatively very small) net worth that the board would unanimously vote down a $33B cash buyout offer right now. There's just no way you guys think that FB has topped out; it hasn't really even gotten going when you think of a complete, end-to-end business model yet. Job offers happily accepted. : ).

I bet it's worth more than that.

by paul 16y ago

I bet it's worth more than that.

Facebook is one of the few companies in the world with unbounded potential. It's a cultural phenomenon that has changed the way people use the internet and, more importantly, has changed the way people interact with their real friends. Very few companies change culture and daily interaction like this. Is it worth $33b today? Not sure. Could it be worth $200b someday? Could Facebook be bigger than Microsoft? Bigger than Google? Bigger than Exxon? Maybe. I can't think of any other company for which "maybe" is a reasonable answer. That's why investors value it so highly.

code_duck 16y ago
I've heard this same thing about AOL, MySpace, etc. and really, who knows. People who have come to the internet and use nothing but Facebook will discover there are actually other sites out there, or they may get tired of Mafia Wars spam. Someone could create something more innovative. I think Facebook will continue to become more valuable, but they're not going to take over the entire world.
- emit_time_n3rgy 16y ago
  I'm interested to see what becomes of Diaspora* http://joindiaspora.com http://joindiaspora.com They're featured in an article entitled "Defacebook" http://nymag.com/news/features/establishments/68512/?mid=facebook_nymag http://nymag.com/news/features/establishments/68512/?mid=fac...

riffer 16y ago

And unlike most of these jokers, you actually have the bet on.

vessenes 16y ago

Thanks for saying this -- I think it's interesting that the comments here boil down to: . Disbelief that FB is worth that much, or . ad-hominem attacks one way or the other, or . Technical discussions on whether there's sufficient liquidity to get a real 'price'. When I look at what facebook has done, and the absolute fucking mountain of data they sit on, FAR better quality than Google's in my opinion, If I were on the board, I would be thinking "brilliant job executing on growth, guys. I'm deeply excited to see you make all this pay once you're not running around putting out massive fires all the time." It's not going to be rocket science to make it pay, and pay, and pay... Taking another slice: I'd bet my entire (comparatively very small) net worth that the board would unanimously vote down a $33B cash buyout offer right now. There's just no way you guys think that FB has topped out; it hasn't really even gotten going when you think of a complete, end-to-end business model yet. Job offers happily accepted. : ).