How the hell can Facebook be worth $50 billion

XabbaRus · 01-03-11, 06:02 AM

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.

Schroeder · 01-03-11, 07:30 AM

Personal data.

01-03-11, 07:33 AM

Quote:

Personal data

Onkel Neal · 01-03-11, 08:52 AM

Quote:

Originally Posted by XabbaRus

just a collection of people, some in my opinion extremely sad posting details of their life.

Oh yeah, that reminds me, friend me

Who can say what the value of FB is? There are so many revenue stream possibilites; advertising, potential premium membership fees, application and game fees.... If I had a website with 500 million members and growing, one that was the new cornerstone of the web, I guess I would be happy. Let's see... 500 million members times a penny each day... would be....

$ 1,825,000,000.00

Yeah, that would be worth $50 billion, easy.

XabbaRus · 01-03-11, 08:56 AM

I guess I'm just old fashioned Neal....

Fair play the guy's smart but to be of real value you need to create something tangible.....

I'll go back to my cave now...

Takeda Shingen · 01-03-11, 09:16 AM

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.

Growler · 01-03-11, 09:35 AM

FB accounts are OK - once the novelty wears off, the privacy issues settle down, and those pesky restraining orders are lifted...

In honesty, I was very grateful to have access to so many people who were involved in my mother's life after I went off on my own in '90. I went off on my way, and tended to not look back - and I've discovered that I missed a neat person. She made life better for a lot of people, and I never would have known that were it not for access to those people via FB.

I've been able to reconnect with old friends, make a few new ones, all without drama. There can be actual adults on FB.

mookiemookie · 01-03-11, 09:37 AM

Quote:

Originally Posted by Schroeder

Personal data.

In Web 2.0, if you don't pay for it then YOU are the product that's being sold. It's all about the personal data being sold to advertisers.

the_tyrant · 01-03-11, 10:03 AM

hits=money

this is how the free porn sites still make money

STEED · 01-03-11, 10:51 AM

I have about as much interest in them as I have in wrestling a dozen crocodiles, none at all.

Growler · 01-03-11, 11:08 AM

Quote:

Originally Posted by STEED

I have about as much interest in them as I have in wrestling a dozen crocodiles, none at all.

Oh, I'd pay to watch you wrestle a dozen crocodiles. Does that constitute interest?

STEED · 01-03-11, 11:12 AM

Quote:

Originally Posted by Growler

Oh, I'd pay to watch you wrestle a dozen crocodiles. Does that constitute interest?

As long as there all like this one.

Growler · 01-03-11, 11:30 AM

Quote:

Originally Posted by STEED

As long as there all like this one.

Hmm... y'know, I'm sure that somewhere, someone in Hollywood is finding a way to make a fortune with this concept.

stoppro · 01-03-11, 12:08 PM

What ever happen' to that other site that used to be hot? 'space book' or maybe' my space' I for get the name of it.

bookworm_020 · 01-03-11, 05:02 PM

It's worth $50 Billion because of all the information that can be legally harvested from the site for advertisers! Not to metion a new way to screen new employees

http://www.smh.com.au/technology/tec...101-19cj7.html

01-03-11, 06:02 AM	#1
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	How the hell can Facebook be worth $50 billion 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. __________________

01-03-11, 07:30 AM	#2
Schroeder Navy Seal Join Date: Apr 2008 Location: Banana Republic of Germany Posts: 6,170 Downloads: 62 Uploads: 0	Personal data. __________________ Putting Germ back into Germany.

01-03-11, 08:56 AM	#5
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	I guess I'm just old fashioned Neal.... Fair play the guy's smart but to be of real value you need to create something tangible..... I'll go back to my cave now... __________________

01-03-11, 09:35 AM	#7
Growler A long way from the sea Join Date: May 2005 Location: Iowa Posts: 1,913 Downloads: 21 Uploads: 0	FB accounts are OK - once the novelty wears off, the privacy issues settle down, and those pesky restraining orders are lifted... In honesty, I was very grateful to have access to so many people who were involved in my mother's life after I went off on my own in '90. I went off on my way, and tended to not look back - and I've discovered that I missed a neat person. She made life better for a lot of people, and I never would have known that were it not for access to those people via FB. I've been able to reconnect with old friends, make a few new ones, all without drama. There can be actual adults on FB. __________________ At Fiddler’s Green, where seamen true When here they’ve done their duty The bowl of grog shall still renew And pledge to love and beauty.

01-03-11, 10:03 AM	#9
the_tyrant Admiral Join Date: Jun 2010 Location: Canada Posts: 2,272 Downloads: 58 Uploads: 0	hits=money this is how the free porn sites still make money __________________ My own open source project on Sourceforge OTP.net KGB grade encryption for the rest of us

01-03-11, 09:16 AM	#6
Takeda Shingen Navy Seal Join Date: Mar 2000 Posts: 8,643 Downloads: 19 Uploads: 0	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.

01-03-11, 10:51 AM	#10
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	I have about as much interest in them as I have in wrestling a dozen crocodiles, none at all. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

01-03-11, 12:08 PM	#14
stoppro Sonar Guy Join Date: Mar 2009 Location: vero beach fl Posts: 380 Downloads: 495 Uploads: 0	What ever happen' to that other site that used to be hot? 'space book' or maybe' my space' I for get the name of it. __________________ win 10 64-msi-32gig cosair ddr4-ryzen9-5600evga gtx3060-corsair850watt-2-ssd 500 gig drives 1m2 1tig

01-03-11, 05:02 PM	#15
bookworm_020 Navy Seal Join Date: Aug 2005 Location: Sinking ships off the Australian coast Posts: 5,966 Downloads: 1 Uploads: 0	It's worth $50 Billion because of all the information that can be legally harvested from the site for advertisers! Not to metion a new way to screen new employees http://www.smh.com.au/technology/tec...101-19cj7.html __________________ "There is always one person in any organization who knows whats going on, That person must be fired"