3 ms·
I may agree that Facebook is ultimately undervaluated, but : "If it was a country, it's the third most populated one. Name me a country that has a GDP lower tha
by christophe971 16y ago
I may agree that Facebook is ultimately undervaluated, but :
"If it was a country, it's the third most populated one. Name me a country that has a GDP lower than $50 billion" is the most non-sensical analogy I've seen in a long time.
- imkevingao 16y agohaha, well to start off I feel a bit honored to allow you to see something you haven't seen for a long time. But maybe it wasn't the best way to illustrate a point, but it wasn't really meant to be an analogy. The goal was to emphasize the poplation of Facebook, how how valuable of an asset the user database is. I mean no one doubts that Facebook is a community, but when a community gets THIS big, it's somewhat justified to call it a country.
- jganetsk 16y agoBut it's not justified to call it a country if you are going to compare its valuation as a company providing a social network to GDP, which is the sum total of all economic activity of the entire population.
- imkevingao 16y agookay fine, i do agree to the fact that it's not the best comparison ever, but it gets the point across. The point wasn't to make the perfect analogy, but to get across the value of Facebook relative to countries. How do you value a country? Many ways, but one of the most popular one is GDP. How do you value a company? Its valuations. That was the thinking behind my statement. I mean if you don't see it, it's fine, disagreements are justified.