Facebook worth 60 billion someday?

Quote from Soon2Bgreat:

Sure it is, they're just looking at the wrong retailers.
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Yeah, that could be the case too. I guess we'll see. Either way, I'm sure there are plenty of advertisers willing to give FB a shot.
 
Quote from olias:

Yeah, that could be the case too. I guess we'll see. Either way, I'm sure there are plenty of advertisers willing to give FB a shot.
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My response was tongue in cheek - I was referring to JPM/GS as financial retailers.:p
 
Quote from Soon2Bgreat:

My response was tongue in cheek - I was referring to JPM/GS as financial retailers.:p
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:D

I thought you meant imaginary retailers - like using SIM money....

:D
 
Reuters) - Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The Wall Street Journal.

Facebook's growth is above the growth expectations that circulated when Goldman Sachs and Digital Sky Technologies invested in the closely held Internet company, the newspaper said in its online edition.

The newspaper did not say by how much Facebook may exceed expectations.

Goldman's and Digital Sky Technologies' investment was at a share price that implied a $50 billion valuation for Facebook.

The Wall Street Journal said Facebook's profits were now growing at a fast-enough rate to justify a valuation of $100 billion or more when it goes public.

Facebook is expected to go public early next year.

The company could not be immediately reached for comment.

(Reporting by Jessica Hall; Editing by Dhara Ranasinghe)

http://www.reuters.com/article/2011/05/02/us-facebook-wsj-idUSTRE74106A20110502
 
$100 Billion+ for a social network website, this is just getting to be hilarious!

Facebook users are peaking, with over 600 million people on that site growth is going to peak in the next 12-24 months. They already had their time of skyrocketing growth, reminds me of aol in the mid 90's when everyone thought they were going to continue to add millions and millions of subscribers, everyone knows where aol sits today, same thing is likely to happen to facebook as well, don't think a company of this size can stay big forever, all it takes is another new trend to get everyone on to a totally different social networking site, it happened when everyone went from Friendster to Myspace and it happened when everyone went from Myspace to facebook, it will happen it again in due time. How many people really care about what some fool is eating for lunch or what music he is listening too. Its already getting completely played out. NEXTTTTTTTTTTTTTTTTT!!!!!!!!!!!



Quote from olias:

Reuters) - Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The Wall Street Journal.

Facebook's growth is above the growth expectations that circulated when Goldman Sachs and Digital Sky Technologies invested in the closely held Internet company, the newspaper said in its online edition.

The newspaper did not say by how much Facebook may exceed expectations.

Goldman's and Digital Sky Technologies' investment was at a share price that implied a $50 billion valuation for Facebook.

The Wall Street Journal said Facebook's profits were now growing at a fast-enough rate to justify a valuation of $100 billion or more when it goes public.

Facebook is expected to go public early next year.

The company could not be immediately reached for comment.

(Reporting by Jessica Hall; Editing by Dhara Ranasinghe)

http://www.reuters.com/article/2011/05/02/us-facebook-wsj-idUSTRE74106A20110502
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