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Leaked report: Facebook earns about ONE DOLLAR per user

Source: http://www.smh.com.au/technology/tec...107-19hyt.html

Quote:

Facebook earned $US355 million in net income in the first nine months of 2010 on revenue of $US1.2 billion, according to documents that Goldman Sachs is providing to clients.

Goldman began hand-delivering copies of the 101-page private placement memorandum for the Facebook offering to its wealthy customers a little after lunchtime Thursday in New York, according to a person who received a copy.

The Goldman customer said he received a separate six-page financial statement containing information on the social networking firm.

The document provides some of the most detailed financial information to come to light about Facebook, which Goldman recently valued at $US50 billion in a separate, $US450 million funding.

That's about a buck per user. Is it worth the $50 B valuation. Regardless, FB is one hell of a buy when it goes public--just to ride the wave and then dump until it solidifies (if ever). FB = Yahoo of wall street circa 2012?

well google is putting larry page as ceo to take on facebook in 2011 so there is a little more going on here than some new aol ..

Quote:

Originally Posted by Agent 488 (Post 17859438)

well google is putting larry page as ceo to take on facebook in 2011 so there is a little more going on here than some new aol ..

They are definitely worried about the fact that FB takes a huge chunk of content CONSUMPTION.

From another thread:

Quote:

Originally Posted by dyna mo (Post 17827697)

there's a reason fb won't go public- they would have to clean up their #s. when i worked for a social networking site way back when and we were preparing for our ipo, we were required to clean out all fake/duplicate/bad/dead profiles, that resulted in ~35% dropin profiles.

fb is no different. 500m peeps on fb? right.

Quote:

Originally Posted by ottopottomouse (Post 17827716)

Still 330m with your 35% chop. Puts the net income at about $1/year per member which sounds tiny.

I still think $1/year per member seems a ridiculously small amount.

Quote:

Originally Posted by $5 submissions (Post 17859428)

Source: http://www.smh.com.au/technology/tec...107-19hyt.html

That's about a buck per user. Is it worth the $50 B valuation. Regardless, FB is one hell of a buy when it goes public--just to ride the wave and then dump until it solidifies (if ever). FB = Yahoo of wall street circa 2012?

50b for 500 mil yr, what a shit

If I had US$1 per user of my sites I'd be a billionaire too.

its just so easy for some 10 year old smart arse make a better site and make facebook look old hat.

a few years ago myspace was the site.

yeah but getting every sister brother cousin aunt uncle high school friend to sign up ain't easy..... I love my FB

Yeah those numbers just dont add up. these people are creating another internet bubble

Quote:

Originally Posted by pornguy (Post 17860013)

Yeah those numbers just dont add up. these people are creating another internet bubble

Get ready for the gold rush fine sire.
:thumbsup

fb will go down, soon or sooner

Can't be right, we all know traffic is king. LOL

some of us have posted here a decade..... what's gfy outlook? LOL uhuh

looks to me just like another bubble...

Quote:

Originally Posted by cherrylula (Post 17860124)

some of us have posted here a decade..... what's gfy outlook? LOL uhuh

Run for the hills I'd say :1orglaugh