Thread: Facebook's financials revealed in leak
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Old 01-08-2011, 02:03 PM  
Paul Markham
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Join Date: Jun 2001
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Quote:
Originally Posted by Jakez View Post
We all saw how fast MySpace came and went. There is nothing saying the same couldn't happen to Facebook. Can someone tell me how the fuck it is valued at $50 billion?

Hell I don't know how it works in the mainstream but if someone in adult is selling a site it's usually like 6 months profits or 12 at the most, but something making $473 million in 12 months can be worth $50 billion? wow
Like most things talked about on the Internet it's inflated beyond all sensibility. If someone was willing to spend $50 billion it would be sold in a heart beat.
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