3 ms·
"How many of the top 20 visited Web sites of August 2003 are still in that ranking? Nine"
- nickb 19y agoOne year ago, FB was "worth" $2B, now it's "worth" $10B and this time next year it will be worth nothing. We're in another bubble and it's about to burst as recession hits in and ad spending dries up.
- rms 19y agoWhat recession? I think the current Federal Reserve would lower interest rates into the negative to keep Wall Street booming.
- byrneseyeview 19y agohttp://suddendebt.blogspot.com/2007/09/for-my-next-trick-i-will-fall-into-this.html http://suddendebt.blogspot.com/2007/09/for-my-next-trick-i-w...
- run4yourlives 19y agoIn other words: Facebook isn't worth $10B.
- byrneseyeview 19y agoBe careful with that logic. It applied to Microsoft in 1990, when their stock was less than $1/share (split-adjusted).
- nickb 19y agoFacebook is not Microsoft.
- run4yourlives 19y agoYes, it did. Google too I imagine. There are way more overvalued Geocities' out there than undervalued Microsoft's though.
- brlewis 19y agoNot a meaningful statistic. A site can increase in users and still drop in the rankings. Wikipedia's rise does not equal some other site's fall.