Facebook May Be Worth $60 Billion

dee1949
dee1949 Posts: 1,425
edited February 2011 in The Clubhouse
...always wonder how they come up with values. You can buy whole countries for this price.

http://www.myfoxdc.com/dpps/money/facebook-may-be-worth-60-billion-after-new-employee-share-offer-dpgonc-20110210-fc_11823352

...countries to buy

http://www.luxurylaunches.com/celebrities/are_you_rich_enough_to_buy_a_country.php
Post edited by dee1949 on
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  • maximillian
    maximillian Posts: 2,144
    edited February 2011
    In 5-10 years it will probably be worthless just like geocities, delicious, myspace, and friendster.
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  • dee1949
    dee1949 Posts: 1,425
    edited February 2011
    ...What does Facebook produce besides ads?....Who pays attention to internet ads....for sure NOT me.
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  • polkfarmboy
    polkfarmboy Posts: 5,703
    edited February 2011
    Facebook will be around forever I think

    The best thing about it is that it gives the wifes somthing to do while we can browse and listen to audio
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    It won't be around forever (that's ludicrous, it's only a few years old NOW), but it likely will be around long enough for someone to make a good chunk of money off of it. 60 billion worth? Who knows?

    And I also don't pay attention to Internet ads (and in fact block a good majoirty of them, thanks to AdBlock) but you and I are NOT in the majority.
    If you will it, dude, it is no dream.
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  • jflail2
    jflail2 Posts: 2,868
    edited February 2011
    polkfarmboy wrote: »
    Facebook will be around forever I think

    The best thing about it is that it gives the wifes somthing to do while we can browse and listen to audio

    I'm guessing someone said the same thing about My Space before FB came along.

    FB definitely has a much deeper foothold, but I'm not convinced it'll be around forever, much less 20 years from now.

    I'm not even convinced that we'll have pc's (as we know them) at that time. I'd expect something more along the lines of google tv that flows through to your phone too. Basically, a "multimedia interface that can be accessed anywhere."

    But back to the original point.......$60B? Holy cow. For some perspective however, Apple's mkt cap is in the $300B+ range. Google is in the $200B range. Microsoft is around $200B or so.

    And I'm assuming the $60B for FB is their Enterprise value, and not just the mkt value of their shares.

    Still, that's a wad of money...
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  • dkg999
    dkg999 Posts: 5,647
    edited February 2011
    I wouldn't want to explain to the board and CFO how I was going to monetize that acquisition! That's a big number.
    DKG999
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  • Fongolio
    Fongolio Posts: 3,516
    edited February 2011
    I'd bet money that something will replace it inside of 5 years and then it will be virtually worthless (pun intended). Lifespan of any business on the net very short. Only a few have survived long term. Amazon, eBay, google being a few of the exceptions. Business's with websites is a different thing. Stuff like facebook, myspace, twitter are fads and when the new cool social network thing comes along people will flock en mass to it.
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  • dee1949
    dee1949 Posts: 1,425
    edited February 2011
    ...i think it will be around for a long time because it has a base , and because it has the money to evolve into the next new thing.
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  • thsmith
    thsmith Posts: 6,082
    edited February 2011
    I think some sort of virtual reality will replace FB. Imagine a site with various stores, parks or events and you will find your friends sitting at a virtual starbucks.

    Everyone will have an avator
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  • dee1949
    dee1949 Posts: 1,425
    edited February 2011
    thsmith wrote: »
    I think some sort of virtual reality will replace FB. Imagine a site with various stores, parks or events and you will find your friends sitting at a virtual starbucks.

    Everyone will have an avator


    ....its already in the works!!!! and I am sure Facebook will evolve right into .

    http://articles.cnn.com/2007-08-07/tech/virtual.living_1_virtual-worlds-second-life-facebook?_s=PM:TECH
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  • amulford
    amulford Posts: 5,020
    edited February 2011
    who effin cares?
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  • Rev. Hayes
    Rev. Hayes Posts: 475
    edited February 2011
    That's a lot of "money".............





    <div style="background-color:#000000;width:368px;"><div style="padding:4px;"><embed src="http://media.mtvnservices.com/mgid:cms:item:southparkstudios.com:165197&quot; width="360" height="293" type="application/x-shockwave-flash" allowFullScreen="true" allowScriptAccess="always" base="." flashVars=""></embed><p style="text-align:left;background-color:#FFFFFF;padding:4px;margin-top:4px;margin-bottom:0px;font-family:Arial, Helvetica, sans-serif;font-size:12px;"><b><a href="http://www.southparkstudios.com/full-episodes/s12e04-canada-on-strike">Canada on Strike</a></b><br/>Tags: <a style="display: block; position: relative; top: -1.33em; float: right; font-weight: bold; color: #ffcc00; text-decoration: none" href="http://www.southparkstudios.com/">SOUTH<br/>PARK</a><a href="http://www.southparkstudios.com/guide/episodes/s12e04-canada-on-strike">more...</a></p></div></div&gt;
    Sounds good to me...
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  • tonyb
    tonyb Posts: 32,957
    edited February 2011
    amulford wrote: »
    who effin cares?

    Ding ding...you got that right Atny.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2011
    Hey, if you care about the general economy, a 60 billion dollar industry that lives in the US is relatively important, ri ght?
    If you will it, dude, it is no dream.
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  • tonyb
    tonyb Posts: 32,957
    edited February 2011
    Sure it is, a jobs a job,right? But I wouldn't be bending over backwards to bail them out once they started going downhill. If a 60 billion social networking company is that important, you would think a 500 billion dollar oil industry might hold more water, seeing that they actually produce something. If FB went away tomarrow, the only thing lost would be jobs. If the oil industry went away overnight, total collapse. I guess you can say the laws of supply and demand apply. Except a country such as ours with over 300 million people, the demand is here, but we are not the ones on the supply side, generaly speaking.
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  • cnh
    cnh Posts: 13,284
    edited February 2011
    Social Networking? 60 Billion? Right? Lot of value there? Can anyone spell B-U-B-B-L-E?

    cnh
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  • Toolfan66
    Toolfan66 Posts: 17,220
    edited February 2011
    What is My Space and FaceBook??? LOL!!!! They both suck and are worthless IMO I don't use them.. I tried one of them some time ago think I used it once or twice.

    Not my thing!!!
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