Is Facebook Profitable?

Ahsen
Ahsen Posts: 1
edited June 2009 in The Clubhouse
Hi,

I’m new in this forum and this is my first post.

While surfing I came across a discussion where some say Facebook is not profitable yet. How this can happen? According to them it sells stock to cover expenses. What do you think? Any idea?
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  • ryanjoachim
    ryanjoachim Posts: 2,046
    edited June 2009
    Interesting choice of a first post...

    Facebook is just another version of Myspace (which is very profitable). I don't think they'll last past their current version unless the update/add new content (like MyKaroke).
    MrNightly wrote: »
    "Dr Dunn admitted that his research could also be interpreted as evidence that women are shallower than men. He said: "Let's face it - there's evidence to support it."
    mystik610 wrote: »
    Best Buy is for people who don't know any better. Magnolia is for people who don't know any better and have more money to spend.
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  • comfortablycurt
    comfortablycurt Posts: 6,745
    edited June 2009
    What's up with people joining up, and making their first post about myspace/facebook? This is the second time in a few days...:confused:
    The nirvana inducer-
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  • ryanjoachim
    ryanjoachim Posts: 2,046
    edited June 2009
    I was wondering that myself...maybe a precursor to spam?
    MrNightly wrote: »
    "Dr Dunn admitted that his research could also be interpreted as evidence that women are shallower than men. He said: "Let's face it - there's evidence to support it."
    mystik610 wrote: »
    Best Buy is for people who don't know any better. Magnolia is for people who don't know any better and have more money to spend.
    My System:


    TV: SAMSUNG UN55B7000 55" 1080p LED HDTV
    HTPC: Chromecast w/ Plex Media Server. Media streamed from Media Server.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited June 2009
    It is strange. No hidden li nks I can find. I would think MySpace and Facebook would be beyond this kind of marketing (And neither posts have been positive towards either).

    As far as Facebook being profitable.... they can say whatever they want on paper, they're making plenty of cash.
    If you will it, dude, it is no dream.
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  • comfortablycurt
    comfortablycurt Posts: 6,745
    edited June 2009
    It is an interesting question though...how do these places make money? Is it just through the companies that advertise on their websites? You don't have to pay for a myspace of facebook account or anything...
    The nirvana inducer-
    APC H10 Power Conditioner
    Marantz UD5005 universal player
    Parasound Halo P5 preamp
    Parasound HCA-1200II power amp
    PolkAudio LSi9's/PolkAudio SDA 2A's/PolkAudio Monitor 7A's
    Audioquest Speaker Cables and IC's
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  • ryanjoachim
    ryanjoachim Posts: 2,046
    edited June 2009
    It's part advertising, but I also think a huge part is for the ability for companies to gather demographic data from all the users.

    This can be done easily with basic info from accounts (name, age, race, sex, etc). Also, i'm sure companies that advertise a lot will have people dedicated to getting a "feel" for what ads to run and who to target them at.
    MrNightly wrote: »
    "Dr Dunn admitted that his research could also be interpreted as evidence that women are shallower than men. He said: "Let's face it - there's evidence to support it."
    mystik610 wrote: »
    Best Buy is for people who don't know any better. Magnolia is for people who don't know any better and have more money to spend.
    My System:


    TV: SAMSUNG UN55B7000 55" 1080p LED HDTV
    HTPC: Chromecast w/ Plex Media Server. Media streamed from Media Server.
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited June 2009
    I don't really care whether either of them is profitable or not. I don't participate on any of the networking sites, nor do I plan to.
    My equipment sig felt inadequate and deleted itself.
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  • F1nut
    F1nut Posts: 50,460
    edited June 2009
    Is Facebook Profitable?

    Who effing cares!?! :rolleyes:
    Political Correctness'.........defined

    "A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."

    President of Club Polk

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  • bobman1235
    bobman1235 Posts: 10,822
    edited June 2009
    The owners and investors in Facebook?
    If you will it, dude, it is no dream.
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  • snow
    snow Posts: 4,337
    edited June 2009
    I have no idea what facebook is nor do I care. Or twitter. I do know what my space is but could truly give a ****, as far as im concerned it's probally not healthy to spend a lot of time online in this type of enviroment anyways. If these kids are bored get a job or volunteer somewhere be useful instead of useless, you will be happier and healthier for it.



    REGARDS SNOW
    Well, I just pulled off the impossible by doing a double-blind comparison all by myself, purely by virtue of the fact that I completely and stupidly forgot what I did last. I guess that getting old does have its advantages after all :D
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  • Hillbilly61
    Hillbilly61 Posts: 702
    edited June 2009
    Rivrrat wrote: »
    I don't really care whether either of them is profitable or not. I don't participate on any of the networking sites, nor do I plan to.

    Bingo! The only folk I have found on those sites are lonely losers that need to "put themselves out there." In other words, trolling for attention. Everbody else that I know of who are truely successful individuals do not post on either sites.

    Edit: About the above commentary, kids don't count. Only adults do.
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