|Facebook Said To Be On Course For $2 Billion revenue in 2010|
Facebook Said To Be On Course For $2 Billion revenue in 2010 [bloomberg.com]
|Facebook Inc., the world’s most popular social-networking service, is likely to generate 2010 revenue of about $2 billion, a larger sum than projected earlier, according to three people familiar with the matter. |
Sales will more than double from 2009, said the people, who declined to be identified because the privately held company doesn’t disclose revenue. Facebook had $700 million to $800 million in sales last year, and the 2010 figure was previously expected to be closer to $1.5 billion, according to two other people familiar with the matter earlier this year.
Revenues are meaningless and the comparison to Google and Yahoo is a joke. Media hype at it's best.
Let's compare profitability... that's where the rubber hits the road.
I love the value placed on the company - $43 billion. That's a P/E ratio of what... 150?
I guess if everyone in the world had internet access,
and they all signed up for a facebook account,
and they put ten times more ads on each page,
then they'd pass Google.
I'm sure I don't get it.
Billy said what I wanted to say, but said it better.
|Billy said what I wanted to say, but said it better. |
Sone had to say it... ;)
OK, this guy said it even better:
|If history holds, TIME has just marked the top in the value of Facebook — at least for the foreseeable future. The Bezos cover marked the high point in Amazon.com’s stock for the next 10 years. |
Given the challenge in monetizing that massive user base, $33 billion seems pretty rich. Time will tell if, like Amazon, Time just marked a decade long top in Facebook valuation. History suggests that it's a pretty good bet it did.
imagine if they started charging the Business Fan pages..yearly subscription model..
|imagine if they started charging the Business Fan pages..yearly subscription model.. |
If they did that, nobody would use it. Facebook is the scourge of the internet.