Quote:
Originally Posted by Paul Markham
How can a company be valued at 100 times the profit it makes in a year?
It seems someone is going to get burned big time when the reality sets in.
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It depends if they can keep going.
If they can do well with app store and such then they could do well.
I think the next few years will be the mobile phone game, so if they can get there apps on the phones then they will make it rich.
I suspect appel may be thinking that way too by selling (or rummers are) the ipad mini in oct at less than its value as its the apps they will make cash on.
however myspace was the big thing and do people use it today as they once did.
i suspect it could be like the property boom, were people buy when the house prioses were high, then it drops.
google is interesting as they seem to work smart. they now have a car that drives itself on the back of there maps. i wonder if that was there plans when they started to film the streets, to simply provide data for its cars.
thats a clever long term thing. as ok, today it may be a few cars that self drive. but in say 20 years when people feel ok with self drive many cars will be. just think how much say bus firms will save if there buses have no drivers. and as cars are going electric anyway then you can see how easy this will be. so google has a long term method of money making.
at the moment google now has many methods to make money and adverts on google are just one.
facebook has a problem that its still limited to mainly making money from adverts. If it does not expand like google into other areas then it may have problems.
google seems now to have long term plans, and one wonders if facebook can see that far forward.
today i would say google will be the one that lasts. you can now see how the google thing is cleverly comming together.