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Wow, when will stuff like this end? I've been hearing this since 2004, when they were like 1% their current size.
by blader 17y ago
Wow, when will stuff like this end? I've been hearing this since 2004, when they were like 1% their current size.
- boucher 17y agoIt will end when they can sustain profitability. They are still a long way from that.
- drusenko 17y agoReally? Have you seen their financial statements? How do you know they're far away from that? Because everybody else says so? Last I heard, they were expected to post $550M of revenue in 2009. Any insider you talk to says it would be trivial for them to become profitable, if they wanted to. And, in fact, they may be quite close to doing so in their current plan. But then again, I don't have any inside information either. One thing's for sure, though: Bringing out the tired "Facebook is overvalued" and "Facebook will never turn a profit" lines is seriously annoying.