How the hell can Facebook be worth $50 billion - Page 2

nikimcbee · 01-03-11, 05:11 PM

Quote:

Originally Posted by Schroeder

Personal data.

You mean the selling of personal data.

Gargamel · 01-03-11, 09:57 PM

Quote:

Originally Posted by Takeda Shingen

Don't worry Xabba, I'm decidedly anti-Facebook. I am actually rather proud of the fact that I do not have an account.

EDIT: I don't begrudge anyone who does have an account, though. My wife has one, and she likes it very much.

Wooohoooo! I'm having an anti-FB party in my cave too!

Wolfehunter · 01-03-11, 10:37 PM

Quote:

Originally Posted by Schroeder

Personal data.

They sell you... well those suckers who use Farcebook that is...

Sailor Steve · 01-03-11, 10:45 PM

Well, since if it wasn't for FaceBook I would never have found my long-lost daughters, and would never have known I have grandchildren, or have pictures of them, I don't think it's exactly fair to characterize me as a "sucker".

Wolfehunter · 01-03-11, 10:56 PM

Quote:

Originally Posted by Sailor Steve

Well, since if it wasn't for FaceBook I would never have found my long-lost daughters, and would never have known I have grandchildren, or have pictures of them, I don't think it's exactly fair to characterize me as a "sucker".

In an ideal world where all is perfect FB is a great tool... But in ours its too risky with all the f--ked up people..

I'm just saying..

gimpy117 · 01-03-11, 11:15 PM

or its just speculative trading etc. Kind of like oil. Its price shifts purely off of what people think it's worth.

Gargamel · 01-03-11, 11:24 PM

Quote:

Originally Posted by Sailor Steve

Well, since if it wasn't for FaceBook I would never have found my long-lost daughters, and would never have known I have grandchildren, or have pictures of them, I don't think it's exactly fair to characterize me as a "sucker".

Congrats on that Steve!

PeriscopeDepth · 01-04-11, 12:37 AM

Google is valuable because they are the point where people declare their intent on the internet, ie "I want to buy something so I will search for it." And then get advertisements based exactly on what you are looking to buy. Or what you are looking at in your gmail account, etc.

Facebook is considered to be so valuable because all the profile information, status, updates, etc builds a very complete picture of you to potential advertisers. And they have mind blowing traffic statistics. That being said, I do think the value of facebook is largely speculative. But the potential is certainly there.

PD

Betonov · 01-04-11, 02:53 AM

Take into the account that ads are country specific, so not only you have room for 5 ads on the main site or ''the wall' but there's lets say about 80 countries (dont hang me on this, just speculation, like oil and gold), that's 400 ads in one moment.
Then the adds change everytime you refresh so you can have a hundred or more advertising space thats 40 000 ads times hundred for every new company that buys the space (the older ad goes but the money stays) we have 400 000 ads (and I believe I'm understating this).
Since this is facebook, with all its prestige the ad space cant be dirt cheap. Could be more than 200$ per day sooo, what do I get (I not we, since this is just speculation of one person, like oil and gold).... 80 000 000 $ daily.
The company has no material input of any kind, few employes compared to industry or media (a student can maintain servers), high revenue and low expenses

Plus, Zuckerberg created FB out of lonelines or something like that so we can assume his people skills are not stellar, he could be a slave driver, more profit !!!!!

UnderseaLcpl · 01-04-11, 09:26 AM

Quote:

Originally Posted by XabbaRus

I just don't get it. Maybe I am thick but something that makes nothing, produces nothing, just a collection of people, some in my opinion extremely sad posting details of their life. Is it worth that due to advertising alone? That is the only way I can see it makes money is from advertising revenues.

Well, you are thick, no doubt

I jest, but you're ignoring human nature in your stance. It is a hard thing to see when you're human.

People enjoy interaction. They cannot do otherwise, because they are the product of millions of years' worth of evolution that has its basis in reproduction of genes which only exist because they reproduced. There is no genetic reward for being sealed off by oneself, other than what one can conjugate. There is, however, a significant cache of biological rewards in store for those who can interact successfully with others. It is the product of natural selection that requires competitive reproduction. I will happily explain further, should you ask.

Sailor Steve · 01-04-11, 10:16 AM

Quote:

Originally Posted by Gargamel

Congrats on that Steve!

Oh! You post so much and so well I didn't realize you were that new! Now I have another chance to brag!

Here's how it happened:
http://www.subsim.com/radioroom/show...ight=grandkids

kranz · 01-04-11, 10:22 AM

Quote:

Originally Posted by UnderseaLcpl

Well, you are thick, no doubt

I jest, but you're ignoring human nature in your stance. It is a hard thing to see when you're human.

People enjoy interaction.

I guess you are right. But those FB examples which I know are related with stuff like: "In this photo I'm lying in my own vomit coz I was drinking rly hard" and "Thumbs up". In Poland we had a similar version of FB done for ppl to find their relatives, friends etc. There was no "interaction" planned, except for simple messages. Soon they applied: gifts, flowers, wishes, simple games provided you paid a bit. The initial purpose was replaced by sheer commerce. I have nothing against places like FB as long as you want to express something more than "I scratched my a*s". I guess there is some kind of trend like having a FB account for the sake of having it. And for me it's just stupid. I know ppl who posted there 150 photos of their new hair color, with emo music in the background and they asked me- why don;t u have your own? I totally approve of using FB and similar places to, dunno-show you artistic portfolio or get 1 million signatures to build a bloody well in Sudan or somewhere but if you wanna tell the whole world that you have just drunk a coffee you are, as Xabbarus said earlier, S-A-D.

Betonov · 01-04-11, 11:00 AM

I just hide those sad cases
Nothing but quality links and smart quotes on my wall

Onkel Neal · 01-04-11, 11:13 AM

I have nothing against FB, it's simply a tech tool, like e-mail. Steve, your story warmed my heart, my friend. I am SO proud to have played a small role in your happiness!

kranz · 01-04-11, 11:42 AM

Quote:

Originally Posted by Neal Stevens

I have nothing against FB, it's simply a tech tool, like e-mail.

The problem starts when someone tries to tell you between the lines that you should feel worse than him bcoz you don't have FB.
One of the Polish journalists once said (I guess he repeated it after someone smarter) that: If you don't have a FB account you do NOT exist.

Quote:

Originally Posted by Neal Stevens

Steve, your story warmed my heart, my friend. I am SO proud to have played a small role in your happiness!

yeah, thumbs up for you both.

01-03-11, 10:45 PM	#19
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	Well, since if it wasn't for FaceBook I would never have found my long-lost daughters, and would never have known I have grandchildren, or have pictures of them, I don't think it's exactly fair to characterize me as a "sucker". __________________ “Never do anything you can't take back.” —Rocky Russo

01-03-11, 11:15 PM	#21
gimpy117 Ocean Warrior Join Date: Jul 2007 Location: Kalamazoo, MI Posts: 3,243 Downloads: 108 Uploads: 0	or its just speculative trading etc. Kind of like oil. Its price shifts purely off of what people think it's worth. __________________ Member of the Subsim Zombie Army

01-04-11, 11:13 AM	#29
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,385 Downloads: 541 Uploads: 224	I have nothing against FB, it's simply a tech tool, like e-mail. Steve, your story warmed my heart, my friend. I am SO proud to have played a small role in your happiness! __________________ SUBSIM - 26 Years on the Web

01-04-11, 12:37 AM	#23
PeriscopeDepth Sea Lord Join Date: Jul 2002 Location: Pacific NW Posts: 1,894 Downloads: 6 Uploads: 0	Google is valuable because they are the point where people declare their intent on the internet, ie "I want to buy something so I will search for it." And then get advertisements based exactly on what you are looking to buy. Or what you are looking at in your gmail account, etc. Facebook is considered to be so valuable because all the profile information, status, updates, etc builds a very complete picture of you to potential advertisers. And they have mind blowing traffic statistics. That being said, I do think the value of facebook is largely speculative. But the potential is certainly there. PD

01-04-11, 02:53 AM	#24
Betonov Navy Seal Join Date: May 2009 Location: Slovenia Posts: 8,647 Downloads: 26 Uploads: 0	Take into the account that ads are country specific, so not only you have room for 5 ads on the main site or ''the wall' but there's lets say about 80 countries (dont hang me on this, just speculation, like oil and gold), that's 400 ads in one moment. Then the adds change everytime you refresh so you can have a hundred or more advertising space thats 40 000 ads times hundred for every new company that buys the space (the older ad goes but the money stays) we have 400 000 ads (and I believe I'm understating this). Since this is facebook, with all its prestige the ad space cant be dirt cheap. Could be more than 200$ per day sooo, what do I get (I not we, since this is just speculation of one person, like oil and gold).... 80 000 000 $ daily. The company has no material input of any kind, few employes compared to industry or media (a student can maintain servers), high revenue and low expenses Plus, Zuckerberg created FB out of lonelines or something like that so we can assume his people skills are not stellar, he could be a slave driver, more profit !!!!!

01-04-11, 11:00 AM	#28
Betonov Navy Seal Join Date: May 2009 Location: Slovenia Posts: 8,647 Downloads: 26 Uploads: 0	I just hide those sad cases Nothing but quality links and smart quotes on my wall