Facebook worth 60 billion someday?

Quote from BwPirt:

So Assange wants the government to be more transparent, but not people to be more transparent.
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He also wants large corporations to be more transparent.

"Little people" are of no interest because they don't promote laws, spend large sums of tax money, or become the source of a financial crisis.

If someone spends her unemployment check on a computer game or his hard-earned money on a loose woman, I can't care less. Do you care?

Quote from BwPirt:

Facebook wants the world to be transparent.
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You are missing important difference here. Wikileaks is about exposing dirty government secrets to to everyone. It is about accountability.

If Assange is right, Facebook is about exposing everyone's secrets to the selected few (designated employees of US government agencies), not to everyone.
 
Quote from LeeD:

He also wants large corporations to be more transparent.

"Little people" are of no interest because they don't promote laws, spend large sums of tax money, or become the source of a financial crisis.

If someone spends her unemployment check on a computer game or his hard-earned money on a loose woman, I can't care less. Do you care?
More...

IMO the idea of facebook is to manipulate many little people for the benefit of government and corporate interests.
 
Published: Monday, 13 Jun 2011 | 12:08 PM ET
By: Kate Kelly
CNBC Reporter

The social networking giant Facebook will likely go public in the first quarter of 2012, with a valuation that could top $100 billion, according to people familiar with the matter.

A factor in the company's IPO timing is the Securities and Exchange Commission's requirement that some companies like Facebook must disclose financial information if they have more than 500 private investors.

The social media site will likely report that it has crossed that threshold at the end of year, according to these same people.

Facebook is also facing internal pressure from current employees who, because of internal restrictions, cannot sell their private shares on the secondary market, according to these people.

SharesPost, a private exchange that buys shares of non-public companies, last sold 100,000 shares of Facebook for $3.4 million, which put the company's valuation at $85 billion.

General Atlantic, a $17 billion investment firm, bought one tenth of one percent in the social networking site, in March, in a deal that valued the company at $65 billion.

This came just weeks after a large investment in Facebook, organized on behalf of its clients by Goldman Sachs [GS 137.42 1.50 (+1.1%) ], was $1.5 billion, which valued Facebook at $50 billion, meaning that in the intervening six weeks the company's value had apparently grown by another 30 percent.
http://www.cnbc.com/id/43378490/
 
Quote from olias:


This came just weeks after a large investment in Facebook, organized on behalf of its clients by Goldman Sachs [GS 137.42 1.50 (+1.1%) ], was $1.5 billion, which valued Facebook at $50 billion, meaning that in the intervening six weeks the company's value had apparently grown by another 30 percent.
http://www.cnbc.com/id/43378490/
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In another thread its at $100 billion. There are 6ish billion people on this planet. That is $16 per person. They're overvaluing it IMO.
 
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