4 ms·
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, mor
by 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 agoI'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 agoI'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...