Quote:
Originally Posted by The Heron
You guys forget he's a 'billionaire' on paper only and that valuation changes whenver a fucking analyst decides facebook is worth more or less not even a publicly traded company.
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i could be wrong but i believe the valuation is based on what others have purchased stock for. ms bought a few hundred million $$$ in stock, as well as others, thus the current valuation. analysts would have a hard time making valuations of privately held entities, books are closed for the most part.
+ fb did ~$1billion in revenue last year, 30-1 valuation is on the high side but well within standard accounting principles.