Facebook worth $10B US, investment suggests

[Jellybeans]

Source : http://technology.sympatico.msn.cbc....=abc&date=True



I didn't know that. That's a lot of $$$

[jw]

500m for Twitter?? I think these social sites are wayyyyy overpriced and overrated. This happened back in 2000 I believe and the market crashed on these tech companies when they couldnt substantiate their value. COuld happen again. I wouldnt invest in either

[mikejet]

That's why Tom is such a smart man. Selling off the business and becoming a millionaire before people started hating MySpace and switching to Facebook.

[jw]

Originally Posted by mikejet

That's why Tom is such a smart man. Selling off the business and becoming a millionaire before people started hating MySpace and switching to Facebook.

hence the smile




Link

[toef]

I remember when someone (I think Yahoo) offered to buy it for $1 billion. If I was Zuckerberg (or whatever his name is), I would've taken the money and ran. Even after paying back initial investors, and any other people involved, he'd have a ton of money left over for himself.

On the other hand, I give him credit for seeming interested in "running" things (I don't know how much say he has anymore, since Facebook has gotten so big), and not just selling out while he could.

But on the third hand (I have lots of hands) maybe he just didn't want to go find another job, so he figured he'd stick with Facebook until it goes down.

I can see the potential of Facebook, because once you have that many friends connected, and are gathering that much information about people, you can make tons of money selling things to those people... theoretically. I just don't see how they think they'll be able to do that without turning tons of people off from Facebook. Every time they change things on the site, there seems to be some sort of backlash.

Also I remember reading somewhere (in WSJ, I think) that the click-throughs on the ads (their term, not mine... I don't care about stupid things like internet ads to know the lingo) on Facebook were incredibly low, which shows people aren't interested in buying stuff or clicking ads while they're on the site. They just want to spy on their friends or "friends" and that's it.

For a company that isn't really making any money right now, I'm surprised it can be valued so highly. Maybe they're still in the process of hooking up all their printers, and within a few years they'll start printing money like crazy.

[ludawg23]

Man, if I owned facebook...I would sell it off and retire.

[Steve]

Originally Posted by ludawg23

Man, if I owned facebook...I would sell it off and retire.

You and me both.

[Wreck]

Facebook is one of the top 10 most popular sites in the WORLD ... its worth it.

[jadedeath]

Originally Posted by ludawg23

Man, if I owned facebook...I would sell it off and retire.

I'd sell it off, buy you, then sell you at a fat rate and then retire. *LOL*

Logan