Facebook now valued at... $70.65 billion
 

This is just getting a little too crazy, if Mark Z. adds $5 billion more to his wealth he will be the 5th richest man in the world. That just doesnt sound right to me, id take my money and run.

Here is the link... can we say bubble?

http://techcrunch.com/2011/01/14/fac...ion-valuation/

That is fuckin insane,dam

It's worth about 70.65 billion flooz.

And THAT is why you will never make it big time.

The MySpace guys wouldn't agree with you, and they never have to work another day in their lives.

People have been buying shares for $40 to $80 per share for over a year now privately...Welcome to the BIGGER bubble =)

never use this shit,anyway :Oh crap:Oh crap

I think so, yes. And it will burst any day now.

yeah big bubbleee

SecondMarket is hardly a trading platform for those shares. They are sold auction style. They are selling them in chunks of 25000 or more at one time. They set a minimum price each auction. And the eval is based on the company having 2.5 billion shares. SecondMarket only sold 2.7 million shares though!

This also means the company would need to make a profit of over 3 billion USD (profit!) per year in order to land anywhere close to a standard mainstream big-company evaluation of 20 or so years.

And you tell me, should a social network be valued at 20+ years?! As if nothing new will come up in that time in such a closed section of the net.

IMO, if I was in his position and someone offered me $40-50 Billion+ I'd have no problem selling and living my life next to Warren and Bill :2 cents:

Then again, I believe Facebook is a sister company to the parent (cia)

Talk about over estimating the value.

For some reason I don't give a fuck :)

It's really hard to get a solid valuation for a company like facebook.

I mean, maybe they take over all internet communication, and they're super valuable.

Or maybe another site or business model will crush them, like how myspace got crushed by facebook. I ain't touching this one.


P.S.

Bono owns about 1.5% of Facebook.
I hope it goes down the pan.

He should just sell and enjoy his life of leisure.

totally or start new project assbook may be .

Anyone who values an Internet company on future earnings is running a risk.

The business is too fickle.

:thumbsup

I remember thread where gfyers was calling zuckenberg idiot because he didnt sold FB for one billion to yahoo.

Just because its valued 70 billion does not mean he can SELL it for 70 billion!

Far from it actually... In a firesale, this thing is worth MUCH MUCH less...

Not many internet/tech companies survive for long... and there is really nothing breakthrough about facebook, it's not much more than a fancy script and bunch of people using it... valuing it at 50x+ revenue is ridiculous...

Leave it to Goldman Sachs to put a deal like this together

Facebook is a media company, that has social aspects... which is why it's worth $70b+

With 30+ billion shared movies, games, stories, websites, etc MONTHLY, and 10k+ new websites integrate into Facebook DAILY and overall 500 million users with half accessing the service daily. And they are able to make a profit on that world wide traffic, this early in the game...

We're talking Googles Competition here... online market wise, nobody else compares to the global reach of these two giants. Google is worth a heck of a lot more because it does a heck of a lot more - but that just shows the power of being able to reach more people.

It would take Facebook to basically quit to stop them from growing even more.

500 million users is already a heavy % of the world population

Social networking IPO's may be a bubble, but as for social networking itself, I think it's here to stay.

They made less than 2mil each bad example