Really - making valuations on a per user basis? Kind of weird especially considering their growth. Currently Facebook is projecting $550M in revenues this year

Really - making valuations on a per user basis? Kind of weird especially considering their growth. Currently Facebook is projecting $550M in revenues this year, that would put them at about 20x earnings (for 10B valuation). That doesn't consider profit/loss but its a standard measurement. This is a moderate 20x P/E for a growing company and not a horrible valuation. compare that with twitter's $0 in revenues and you have a better comparison. Youtube is projecting about $240M in revenues http://newteevee.com/2009/04/03/analyst-youtube-could-lose-470m-this-year/ http://newteevee.com/2009/04/03/analyst-youtube-could-lose-4... But with a higher burn rate per user so its way further in the hole. MySpace is projecting $490M in revenues so it's inline with Facebook considering they're very close to the same rate, I have to believe that considering the way facebook is growing compared to MySpace that it would get a better valuation (if comparing the two side by side as standalone businesses) All revenue numbers from pretty much first google hit