4 ms·

Facebook’s Zuckerberg Is Now Richer Than The Google Guys

24 points by NonEUCitizen 15y ago

beck5 15y ago
richer in terms of the stock they own based on crazy valuations.
forgottenpaswrd 15y ago
Yeah, he is paper rich.
brok3nmachine 15y ago
If I understand this article correctly, I think it's pretty crazy how an investment of less than $7 million has caused FB's valuation to go up 20billion.
- amirmc 15y ago
  Yup, but that's how the maths works out. Although FB also seems to be valued at $70b on SecondMarket too.
- astrec 15y ago
  It hasn't. You've just read an appallingly naive extrapolation in lieu of an actual valuation. I'd expect better of Forbes, frankly. The only news here that isn't useless conjecture is that GSVC bought 225k shares @ $29.28.
  - lurker19 15y ago
    Go Bayesian. Update your expectation based on Forbes's long term performance, not their financy sounding name Forbes is the People Magazine of the business world.
ignifero 15y ago
I honestly don't care
jrs235 15y ago
That's it! Eureka! What all this silly pundits fail to do and realize is that the valuation for these companies isn't, and shouldn't be calculated with, simple math! If I purchase 1% of a company for $1,000,000 the simple math valuation (according to my opinion and what I paid) is a company valuation of $100,000,000. Except, people are paying PREMIUMS for these stocks. A premium is an amount above and beyond the actual value of the item. What's the premium value? We don't know?! The media and pundits need to stop using simple math and shouting about it. But they won't, because PR teams are behind it and it makes headlines!
scythe 15y ago
>A Forbes contributor, David Martin, penned an interesting piece on how the social networking site’s users are aging, and how it’s generally losing its cool. >For now, though, it certainly hasn’t lost its lustre in the eyes of investors. These statements are not at odds with one another. Old people, generally speaking, have more money to spend and they spend it less judiciously; consequently it makes sense for Facebook to target old people.
zemanel 15y ago
but the Google guys invented a search engine that changed the world through the web and easier access to information (to both technical and non-technical people), unlocking it's potential and opening new path's. When people say that Facebook changed the world and made it a better place, they don't remember/know how it was like before Google (and Gnome 1.4). ps.: i don't want to take credit off Facebook(c) or any other search engine (for example, Altavista worked for me and a lot more people) but it's also the result of a lot of hard work and marketing
tomelders 15y ago
not for much longer.
mostly_harmless 15y ago
I would argue that regardless of who is dubbed 'richer', google and those who made it are still worth way more. Zuckerburg is a one trick pony, with nothing but facebook to keep him afloat. And now that google has started attacking that, I'm sure that a good share of their market is going to be lost;
chrisjsmith 15y ago
And still a cunt.
creativeone 15y ago
So long as the Google guys maintain their % ownership of Google, one way or another they will become the richest men in the world. Buying GOOG.
BerislavLopac 15y ago
http://37signals.com/svn/posts/2966-wizards-of-bullshit-how-forbes-turned-65-million-into-20-billion http://37signals.com/svn/posts/2966-wizards-of-bullshit-how-...

24 points by NonEUCitizen 15y ago

beck5 15y ago

richer in terms of the stock they own based on crazy valuations.

forgottenpaswrd 15y ago

Yeah, he is paper rich.

brok3nmachine 15y ago

If I understand this article correctly, I think it's pretty crazy how an investment of less than $7 million has caused FB's valuation to go up 20billion.

amirmc 15y ago
Yup, but that's how the maths works out. Although FB also seems to be valued at $70b on SecondMarket too.
astrec 15y ago
It hasn't. You've just read an appallingly naive extrapolation in lieu of an actual valuation. I'd expect better of Forbes, frankly. The only news here that isn't useless conjecture is that GSVC bought 225k shares @ $29.28.
- lurker19 15y ago
  Go Bayesian. Update your expectation based on Forbes's long term performance, not their financy sounding name Forbes is the People Magazine of the business world.

ignifero 15y ago

I honestly don't care

jrs235 15y ago

That's it! Eureka! What all this silly pundits fail to do and realize is that the valuation for these companies isn't, and shouldn't be calculated with, simple math! If I purchase 1% of a company for $1,000,000 the simple math valuation (according to my opinion and what I paid) is a company valuation of $100,000,000. Except, people are paying PREMIUMS for these stocks. A premium is an amount above and beyond the actual value of the item. What's the premium value? We don't know?! The media and pundits need to stop using simple math and shouting about it. But they won't, because PR teams are behind it and it makes headlines!

scythe 15y ago

>A Forbes contributor, David Martin, penned an interesting piece on how the social networking site’s users are aging, and how it’s generally losing its cool. >For now, though, it certainly hasn’t lost its lustre in the eyes of investors. These statements are not at odds with one another. Old people, generally speaking, have more money to spend and they spend it less judiciously; consequently it makes sense for Facebook to target old people.

zemanel 15y ago

but the Google guys invented a search engine that changed the world through the web and easier access to information (to both technical and non-technical people), unlocking it's potential and opening new path's. When people say that Facebook changed the world and made it a better place, they don't remember/know how it was like before Google (and Gnome 1.4). ps.: i don't want to take credit off Facebook(c) or any other search engine (for example, Altavista worked for me and a lot more people) but it's also the result of a lot of hard work and marketing

tomelders 15y ago

not for much longer.

mostly_harmless 15y ago

I would argue that regardless of who is dubbed 'richer', google and those who made it are still worth way more. Zuckerburg is a one trick pony, with nothing but facebook to keep him afloat. And now that google has started attacking that, I'm sure that a good share of their market is going to be lost;

chrisjsmith 15y ago

And still a cunt.

creativeone 15y ago

So long as the Google guys maintain their % ownership of Google, one way or another they will become the richest men in the world. Buying GOOG.

BerislavLopac 15y ago

http://37signals.com/svn/posts/2966-wizards-of-bullshit-how-forbes-turned-65-million-into-20-billion http://37signals.com/svn/posts/2966-wizards-of-bullshit-how-...