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Turn on revenue? Did I miss the point where they actually discovered how to make a profitable social networking service?
by nick-dap 17y ago
Turn on revenue? Did I miss the point where they actually discovered how to make a profitable social networking service?
- deleted 17y ago[deleted]
- flooha 17y agoI think the key word there was profitable, but at least FB actually has some turnover.
- tangram 17y agoI don't understand articles like that. They all mention that the valuation for Facebook at $15 billion was from the $240 million investment for a 1.6 percent stake. But the $240 million was not just a purchase in the stake of the company it was also and advertising deal. Before someone can then come up with an evaluation from that transaction they need to break down how much of the $240 million was to purchase a stake and how much was for the advertising deal.