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Facebook worth $15B? Only Google, eBay, Yahoo!, and Amazon have larger market caps among US Internet companies

Submitted by rapture on Thu, 10/25/2007 - 8:26am.
source: http://feeds.feedburner.com/~r/Techcrunch/~3/174822641/
rapture's picture

Young people view the world

Submitted by rapture on Thu, 10/25/2007 - 1:20pm.

Young people view the world as a database. They use electronic devices to run queries on the world and get the information they need.

However, I think social networking is turning into publicity networking.

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currently playing: Halo 3, Shadowrun, Call of Duty 4 MP beta
currently supporting: Ron Paul - r3/\O¯|ution

trigger119's picture

I really am disliking it

Submitted by trigger119 on Thu, 10/25/2007 - 1:28pm.

I really am disliking it more and more as I think about it...I'm probably deleting my myspace and facebook pretty soon. It's just another way for the man to keep tabs on you.

goku2057's picture

Oh well. i'll let the man

Submitted by goku2057 on Thu, 10/25/2007 - 2:05pm.

Oh well. i'll let the man keep tabs on me. I like them, becasue I can small talk with people I haven't seen in a while, and it also makes it easy to locate people from say...elementary school or something who you want to say hi to.

Slayer's picture

I have gotten rid of my

Submitted by Slayer on Thu, 10/25/2007 - 2:26pm.

I have gotten rid of my myspace, for all intensive purposes. I still have my facebook, and have switched my focus, such as it is, to it. However, I seriously doubt I will keep either of them much longer. I think they are a waste of time, and they tend to encourage gossip and insincerity among "friends" that would otherwise probably not be as prominent, I don't think. Thats me anyway.

rapture's picture

Major college campuses are

Submitted by rapture on Thu, 10/25/2007 - 3:35pm.

Major college campuses are reporting that students send more email through Facebook than the university email systems.

I'm able to stay networked with friends that I wouldn't communicate in any other way. That's why I use Facebook (and to some extent, MySpace). I left behind every friend I had when I graduated high school. Now I'm able to connect with some of them.

It's the The Patriot Act gives the man power to keep tabs on you...not Facebook. This is what happens when a couple of Saudi Arabians want to kill some people that happen to be in the USA.

I am encouraging people to leave MySpace and join Facebook as it is much safer and easier to use.

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currently playing: Halo 3, Shadowrun, Call of Duty 4 MP beta
currently supporting: Ron Paul - r3/\O¯|ution

Midnight's picture

The utility of Facebook

Submitted by Midnight on Thu, 10/25/2007 - 6:01pm.

The utility of Facebook aside, am I the only one who remembers 1999/2000? $15B is a lot of cash. What would you have if you liquidated Facebook today? I'm guessing a few thousand $ in office supplies, networking equipment, and software that would fit on a single DVD. I remember one time when Yahoo was over $200/share that I remarked "Man, and it could all fit on a 3.5" floppy."

You can argue that there is huge advertising potential there, and you'd be right, but enough long-term advertising potential to make it worth $15B? I'm not so sure.

rapture's picture

Google is trading at over

Submitted by rapture on Thu, 10/25/2007 - 7:25pm.

Google is trading at over $600 per share and they basically have no tangible product. It's all electrons and magnets. Who would think a computer algorithm would be worth so much money?

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currently playing: Halo 3, Shadowrun, Call of Duty 4 MP beta
currently supporting: Ron Paul - r3/\O¯|ution

Mintz's picture

Wow, when you put it that

Submitted by Mintz on Thu, 10/25/2007 - 10:06pm.

Wow, when you put it that way... Incredible.

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