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Old 09-25-2007, 11:08 AM   #6
monster
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Re: Facebook a $10 billion company? Anyone use it?

Quote:
Originally Posted by Luwalira View Post
On the other hand I hate all those stupid small applications people are adding to their profiles. It clutters Facebook, and clutter is one of the main push factors of myspace which has users migrating to facebook every day.

The 10 billion figure is ridiculous and Facebook is over-valued like any fast raising internet company. Sure they make a little money by letting companies advertise in form of applications.
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All these small applications are seriosuely cluttering Facebook, I opened up my account and I have a billion request to join this, sign that, accept this, invite that.. extremely annoying. I have no idea how Facebook is valuved at $10billion. $100m to $400m maybe but $10 billion is a joke. Those company are getting money from advertisements in form of applications, as well as getting your details and give it to some marketing companies and get paid even more.


Quote:
Originally Posted by 450SEL6.9 View Post
Monster, who actually uses the site? It generates huge traffic, but are the main users still teenagers and college kids who don't have that much money?

I think Microsoft is desperate enough to catch up with Google to value FB at $10 billion. If they do, I'm selling my Microsoft shares. If they are willing to value a networking site at $10b, then I think they'd lose my confidence as an investor. Besides, my investment has been dead money anyway.

Main users varies from a wide range of people, teenagers, college kids even to professional people.
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