A social networking dot com worth $50,000,000,000????

[Larson]

Quote from running_bare:

^^^ $500M pa mostly for the data centers & 60,000 servers, moron.
http://www.datacenterknowledge.com/archives/2009/05/14/whos-got-the-most-web-servers/

Do idiots really think these websites pay $1000 pm hosting...?

Then again, ET is mostly sad past-it, never-was wackos primarily off the grid conspiracy fruit cakes, hermit, wannabe traders who think everything in the modern world is useless & wasteful..

No, most know FB has massive traffic, especially with all the lawyers and private investigators tracking the fools who post on it.

 

[Pekelo]

Quote from omegapoint:

Its like art. .....embedded shark in lucite; sold it for some ten's of millions to somebody who expects to sell it for a profit to somebody else who he'll bullshit.

I agree with the art analogy. It is worth as much as someone is willing to pay for it.
For the record, it was Steve Cohen (yes, that Cohen) who bought the shark for 8 millions...

http://nymag.com/nymetro/news/people/columns/intelligencer/11086/

 

[Pekelo]

Quote from brokenmarkets:

facebook records 800 million in revenue and only 200 million in net profits

i'm not an accountant but how does facebook cost 500 million/year in what. it doesn't advertise... it's just a website. it cost 500 million /year to host a website..???

A 25% profit margin is nothing to frown upon. Most retail stores run 5% or less margins.

It costs a shitload of money to run a traffic heavy site with images and videos. FB is building 2 very expensive datacenters right now.

And just for the record, one of the initial investor companies in FB is a CIA cover company. FB's database is a goldmine for intelligence gathering.

http://www.guardian.co.uk/technology/2008/jan/14/facebook

From 2008:
"Facebook's most recent round of funding was led by a company called Greylock Venture Capital, who put in the sum of $27.5m. One of Greylock's senior partners is called Howard Cox, another former chairman of the NVCA, who is also on the board of In-Q-Tel. What's In-Q-Tel? Well, believe it or not (and check out their website), this is the venture-capital wing of the CIA."

 

[Debaser82]

I thought all the rich were buying gold these days...

 

[MarketMasher]

Quote from Pekelo:



http://www.guardian.co.uk/technology/2008/jan/14/facebook

From 2008:
"Facebook's most recent round of funding was led by a company called Greylock Venture Capital, who put in the sum of $27.5m. One of Greylock's senior partners is called Howard Cox, another former chairman of the NVCA, who is also on the board of In-Q-Tel. What's In-Q-Tel? Well, believe it or not (and check out their website), this is the venture-capital wing of the CIA."

Wow. They can "friend" Putin and cut out all the expensive spy stuff.

 

[RewriteQuran]

FB revenue in 2010 is $1.6 billion

 

[tortoise]

i know someone who works at facebook, in customer service. s/he's been to college (for discretion's sake, i'm avoiding specifics on gender). works hard in the way hard-working employees work hard -- e.g., not a risk-taker, not a visionary, just a very capable, competent cog-in-the-machine type. basically, s/he could just as easily be working at your local dmv.

s/he's currently vested > 250,000 shares.

by the time that company goes public next year, his/her personal net worth will likely be > $250 million.

s/he's 25, by the way.

 

[blackjack007]

Quote from tortoise:

i know someone who works at facebook, in customer service. s/he's been to college (for discretion's sake, i'm avoiding specifics on gender). works hard in the way hard-working employees work hard -- e.g., not a risk-taker, not a visionary, just a very capable, competent cog-in-the-machine type. basically, s/he could just as easily be working at your local dmv.

s/he's currently vested > 250,000 shares.

by the time that company goes public next year, his/her personal net worth will likely be > $250 million.

s/he's 25, by the way.

haha yeah right. there's no way a customer service rep would be given upwards of 1% equity, even if he/she were among the first 50 employees.

 

[blackjack007]

Quote from andy9775:

ad increase is what killed myspace. Hell people make an uproar when they change the layout, think of adding one more ad. I also highly doubt that people will pay for games or apps/widgets. The profit of all these sites is based on low revenue per user and a high user base, scalping if you will.

a few things caused myspace's decline

1. ads

2. too much control given to users. users would create lousy pages with loud music, poor-running scripts, and sometimes viruses

3. poor performance. for a while (2005-2006) myspace was so popular that their servers couldn't keep up. it was extremely slow and frustrating to use

 

[bwolinsky]

Quote from S2007S:

////But the credibility of one of Wall Street’s largest names, Goldman, may help justify the company’s worth.

Vanity and rationality have no bearing on the sealed bid animal spirits of an outrageously overvalued company. I like Zuckerburg's attitude.

Bubble, bubble, toil and trouble.