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Google's revenue growth for the year prior to IPO (2003) was 234%. Facebook's was 88%. Sorry, but Google was a massively better business.
by rieter 14y ago
Google's revenue growth for the year prior to IPO (2003) was 234%. Facebook's was 88%. Sorry, but Google was a massively better business.
- zeroonetwothree 14y agoDoesn't that just support the point that looking at P/E alone is useless?
- maigret 14y agoNo, that supports the point that looking at P/E alone is not enough. Searching for a spouse? Maybe you should not only look at her/his diplomas or music tastes alone.
- doomslice 14y agoI think that's exactly what people are basing their bets on... that Facebook just hasn't figured out a way to monetize properly, but that it will.
- rieter 14y agoThat's a really freaking huge "what if". Facebook is not exactly a young company, founded 8 years ago. They've been trying to find a killer business model for many years. I wonder what makes people believe they will find one.