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How "important" work is is only one factor in the creation of value. How much you produce, how it is valued by other people, what your margins are, what your fu
by justin 16y ago
How "important" work is is only one factor in the creation of value. How much you produce, how it is valued by other people, what your margins are, what your future revenue streams will be -- these things are all factored into company value.
There are many companies that make non-essentials that are valued more highly than farms and utilities.
- wlievens 16y agoExactly. Not to mention the fact that facebook is near monopoly status. If you were to add every single car manufacturer together, surely you'd get a much high valuation. If the social network space were as diverse (in terms of relative player weight, not total number of players), we wouldn't be having this discussion. Facebook's valuation reflects the value of the social-networking market perhaps more than its value as a single business?