Quote:
Originally Posted by chodadog
You're not surprised in the least? A 1.6% stake at 240 million values Facebook at 15 billion dollars. That's fucking insanity.
Ford is worth 18 billion. GM is worth 22 billion. You're not surprised in the least that people consider a social network website to be worth nearly as much money as two of the world's largest car manufacturers? Just under half as much as Amazon.com? A little less than a third of eBay's worth? Five percent of Microsoft's worth?
I am surprised. Very surprised.
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Ah, but information is power.
Those car companies and even amazon have a ton of value in assets, but store very little information about people.
Facebook is probably second to only wikipedia in sheer amount of information about over 50 million people.
Browse a few profiles and you'll begin to realize that some of the information stored within is priceless.