Calculus - 4:04 pm on Jan 3, 2011 (gmt 0)
"If they can figure out how to monetize the traffic to the extent that Google monetizes theirs, Facebook is worth an obscene amount. Until then, they ain't worth that much. It's pure speculation."
Haven't people, no doubt many of them smart, been asking that same question for over 2 years now and nobody seems to be able to answer it correctly.
Perhaps there is no proper answer which probably drops the above valuation by 80% overnight.
Having said that, the above deals are probably part of the IPO marketing plan and are designed to suck people in for an even more heady IPO price.
Remember, the more money there is to be made the more devious Wall street becomes (and they're already very devious when even a $1 is at stake)......