3 ms·
> I know FB has to make a profit somehow Facebook IS making a profit. A very nice profit in fact. Facebook can easily be a profitable company with a $5B marke
by continuations 14y ago
> I know FB has to make a profit somehow
Facebook IS making a profit. A very nice profit in fact.
Facebook can easily be a profitable company with a $5B market cap. That'd still make it bigger than 99% of the start ups out there.
The problem is Facebook is trying to be the $100B company that they sold investors at IPO. They are not a $100B company. Not even close.
- quattrofan 14y agoAnd nor will they ever be IMHO.
- netcan 14y agoFor a coffee chain to go from $1m to 20 they'd need to sell a lot more coffee. There might be quality or indie-ness issues but as a whole, their customers get more coffee. Investors see a good chance of turning Facebook into a $100b company. Even if it's a poor chance (say 25%) its worth pursuing. For users, this gamble pays nothing. Facebook doesn't have to serve more users or serve them any better to make that move. Users are not going to like it. They get the downside and none of the upside.
- sjg007 14y agoThere's also no place else to go... Myspace? Friendster, google+?