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It is just a joke that Facebook could be valued at $6 billion. An absolute joke. FB has 30 million users, and that's not considering potential duplicates. The n
by AF 19y ago
It is just a joke that Facebook could be valued at $6 billion. An absolute joke. FB has 30 million users, and that's not considering potential duplicates. The number of active users may be even smaller than that, and some people like I only log on once a week or so.
If FB gets sold for $6 billion, that means the new owning company would need to make $500 million a year for 12 years(!) to break even. Frankly, the Internet will probably be drastically different a decade from now. FB doesn't even make $50 million a year, who in their right mind thinks that they will all of a sudden make a profit off Facebook by spending that much money?
I swear some of these big companies just like throwing money at things. Yes, the dot-com bubble is here once again.
- mynameishere 19y agoWell, it's only about twice electronic arts' valuation: http://finance.yahoo.com/q?s=ERTS http://finance.yahoo.com/q?s=ERTS ...but consider the fact that facebook's awesome abilities include showing pictures on a webpage. No WAY anyone is going to crack through that entry barrier.
- mynameishere 19y agooops. I mean half. What happened to the edit button?