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Old 01-13-2011, 05:54 PM   #1
Batman1980 Batman1980 is offline
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Default Why is FaceBook worth billions?

I really don't understand since it doesn't generate any revenue...maybe somebody could explain it to me in layman's terms. I get that it has potential and all of that but that doesn't mean it should be worth money right now.
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Old 01-13-2011, 06:00 PM   #2
CZAR CZAR is offline
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Quote:
Originally Posted by Darth Anakin View Post
I really don't understand since it doesn't generate any revenue...maybe somebody could explain it to me in layman's terms. I get that it has potential and all of that but that doesn't mean it should be worth money right now.
Are u serious?? Just like Myspace etc.....its all about users and hits. A site like Facebook which has I dont know over thousands and thousands of members, then they get hit up for advertising and sponsors due to how many people go on Facebook so they make a killing. For example lets say Pepsi see's that Facebook has over 100,000 members and hits they will email the ceo of Facebook and ask them if they could advertise on their website. Now imagine like 20 companies or even more doing that and how much money they are spending to do so. thats just the beginning of it. Got Em!!
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Old 01-13-2011, 06:09 PM   #3
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Quote:
Originally Posted by CZAR View Post
Are u serious?? Just like Myspace etc.....its all about users and hits. A site like Facebook which has I dont know over thousands and thousands of members, then they get hit up for advertising and sponsors due to how many people go on Facebook so they make a killing. For example lets say Pepsi see's that Facebook has over 100,000 members and hits they will email the ceo of Facebook and ask them if they could advertise on their website. Now imagine like 20 companies or even more doing that and how much money they are spending to do so. thats just the beginning of it. Got Em!!

I must be blind. I see no advertisemnets on Facebook.
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Old 01-13-2011, 06:10 PM   #4
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but they are all along the sides on the right...

Check the home link.. they have "sponsored" ones... like right now is one for covergirl
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Old 01-13-2011, 06:11 PM   #5
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Originally Posted by blujacket View Post
I must be blind. I see no advertisemnets on Facebook.
I would imagine the “I like whatever” gets them some revenue hits.
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Old 01-13-2011, 06:16 PM   #6
JimShaw JimShaw is offline
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Quote:
Originally Posted by CZAR View Post
Are u serious?? Just like Myspace etc.....its all about users and hits. A site like Facebook which has I dont know over thousands and thousands of members, then they get hit up for advertising and sponsors due to how many people go on Facebook so they make a killing. For example lets say Pepsi see's that Facebook has over 100,000 members and hits they will email the ceo of Facebook and ask them if they could advertise on their website. Now imagine like 20 companies or even more doing that and how much money they are spending to do so. thats just the beginning of it. Got Em!!
Thousands and thousands of members??? The last time I heard it was over 5 million members. That generates a ton of advertising dollars which makes facebook worth about $25 BILLION dollars now.
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Old 01-13-2011, 06:19 PM   #7
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Quote:
Originally Posted by JimShaw View Post
Thousands and thousands of members??? The last time I heard it was over 5 million members. That generates a ton of advertising dollars which makes facebook worth about $25 BILLION dollars now.
According to Facebook they got over 500 million active users.
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Old 01-13-2011, 06:25 PM   #8
JimShaw JimShaw is offline
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Originally Posted by ManUtd View Post
According to Facebook they got over 500 million active users.
Yes, you are correct. I knew it was about 500 million because I watched the move last night. My fingers just did not want to put in two more "0's"
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Old 01-13-2011, 06:26 PM   #9
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At its core, Facebook is a data mining company (if you read their TOS, it says that Facebook owns every bit of info you supply it) with the personal details of hundreds of millions of people—each of which is worth money to potential advertisers.

Google is the same, but I tend to trust Google more than Facebook.
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Old 01-13-2011, 06:28 PM   #10
CZAR CZAR is offline
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Quote:
Originally Posted by blujacket View Post
I must be blind. I see no advertisemnets on Facebook.
I dont have a Facebook but Im pretty damn sure they have to have advertising. Got Em!!

Quote:
Originally Posted by LeAnn View Post
but they are all along the sides on the right...

Check the home link.. they have "sponsored" ones... like right now is one for covergirl
Thank you exuberant one lol. Got Em!!

Quote:
Originally Posted by JimShaw View Post
Thousands and thousands of members??? The last time I heard it was over 5 million members. That generates a ton of advertising dollars which makes facebook worth about $25 BILLION dollars now.
I was just making an example as again I dont know much about Facebook and how many members they have. That further helps my points though. Got Em!!
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Old 01-13-2011, 06:34 PM   #11
JimShaw JimShaw is offline
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Quote:
Originally Posted by blujacket View Post
I must be blind. I see no advertisemnets on Facebook.
I don't have a Facebook account but my wife does and I see a ton of them. A lot of them are placed there by members that have joined the advertiser's account which then filters down on to everyone's account. There are also a few on the right side of the pages.
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Old 01-13-2011, 06:37 PM   #12
blujacket blujacket is offline
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Quote:
Originally Posted by JimShaw View Post
I don't have a Facebook account but my wife does and I see a ton of them. A lot of them are placed there by members that have joined the advertiser's account which then filters down on to everyone's account. There are also a few on the right side of the pages.

It must be a setting I have turned off. I see no advertising at all.
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Old 01-13-2011, 06:42 PM   #13
CZAR CZAR is offline
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Quote:
Originally Posted by blujacket View Post
It must be a setting I have turned off. I see no advertising at all.
Yea man thats how a lot of sites make their living man. Thats buku doe my friend. Got Em!!
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Old 01-13-2011, 06:48 PM   #14
blujacket blujacket is offline
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Quote:
Originally Posted by CZAR View Post
Yea man thats how a lot of sites make their living man. Thats buku doe my friend. Got Em!!
I know that. But like I said, I see no advertising. I only use Facebook to chat with my son in Iraq.
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Old 01-13-2011, 06:52 PM   #15
CZAR CZAR is offline
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Quote:
Originally Posted by blujacket View Post
I know that. But like I said, I see no advertising. I only use Facebook to chat with my son in Iraq.
Oh thats cool. Maybe u do have advertising displayed option turned off Im not sure lol. Got Em!!
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Old 01-13-2011, 07:43 PM   #16
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Because everyone now thinks they can achieve some mild form of celebrity, that's why facebook is even still around and why it's worth billions, ad revenue and such based on numbers of users, hits etc.
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Old 01-13-2011, 09:05 PM   #17
supersix4 supersix4 is offline
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Quote:
Originally Posted by Septimus Prime View Post
At its core, Facebook is a data mining company (if you read their TOS, it says that Facebook owns every bit of info you supply it) with the personal details of hundreds of millions of people—each of which is worth money to potential advertisers.

Google is the same, but I tend to trust Google more than Facebook.
lol yep pretty crazy what info people hand out... Just last night a friend had a girl he never met pull his phone number off that he gave up voluntarily and she called him
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Old 01-13-2011, 11:10 PM   #18
sfmarine sfmarine is offline
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Facebook makes all its money from advertising. You may not notice it on the homepage, but it is there.
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Old 01-13-2011, 11:30 PM   #19
MaCruz MaCruz is offline
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I have a FB, but screw it. I don't go on that darn thing. I don't want the entire world to know what I'm doing.

I wonder what's next after FB?
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Old 01-13-2011, 11:41 PM   #20
sfmarine sfmarine is offline
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Ya..I am not fond of giving out my personal information. Now FB implemented that "new profile setup" where it automatically gives your personal information to anyone who checks out your profile..obviously, you can restrict some of it but it gives your DOB, high school/college job etc.

A little too much info for me..to each his/her own I guess. I really got tired of FB quick. I find it worthless to update my status every day like millions do.

I am curious about what will replace FB..I look forward to the day when FB becomes extinct much like Myspace has become.
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