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Mark Zuckerberg Reveals He Is Open To A Radical Change In Facebook Strategy
- taligent 14y agoInteresting. There are products like Spotify, Youtube, iTunes, Dropbox, Evernote, Flipboard, Skype, Flickr that could definitely be vulnerable to Facebook. The cash, the user base and most importantly the massive amount of user submitted data could make them a formidable competitor from day one.
- dotcoma 14y agoHow many of these companies is making profits that could justify FB's valuation? None, imho.
- maayank 14y agoBut they could pull a better microsoft than microsoft[1] and compete on multiple fronts. Than we'd have to take the profit in all of those industries combined. [1] meaning, better quality output
- dotcoma 14y agoyeah, right. Copy dumb games from Zynga, and you'll be fine ;-)
- loceng 14y agoHe's made his $1 billion, he doesn't care now what happens, nor do the initial investors. I think people should be going to jail for how much everyone was taken advantage of - though they won't because laws don't reflect businesses hurting society or individuals in such cases. 100x profits as a valuation is pure insanity - no matter what the company is; If someone can cite even a theoretical example where 100x profits might make sense, please do enlighten us - I'd be curious. The discussion usually boils down to that investing has inherent risks, and that's that - people can make their own decisions, though clearly most people didn't know better. So then the question comes to mind of how much do we value gambling in our society? I suppose it's one of those debates up there with gun ownership - where you should be able to own automatic rifles / mass killing machines (weapon of mass destruction?) as a right, and therefore you should be allowed to throw your money away at others, simply for excitement purposes --- even with many other better options for entertainment existing in the world.