Companies

May 4, 2012

Facebook is profitable, but $86 billion is still speculation

Facebook's IPO Roadshow, 30 minutes of video Kool-Aid that you can't fast forward, contains all the usual elements of Silicon Valley hype.

Stilgherrian ā€” Technology writer and broadcaster

Stilgherrian

Technology writer and broadcaster

“A million people walk into a bar in Silicon Valley. Nobody buys anything. The bar is declared a huge success.”

That tweet doing the rounds this week sums up precisely the logic by which Facebook is supposedly worth $86 billion.

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2 comments

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2 thoughts on “Facebook is profitable, but $86 billion is still speculation

  1. JM

    What if you have 85 million ads and nobody clicks on them?

  2. Wood Helen

    I don’t have a face book page. Most of my close female friends don’t either.
    My nephew and nieces, being in the 16-20ish range are of course, on it.
    I’ve asked a few of the people I do know that have an account, if they have ever been influenced by the advertising and also actually bought stuff because of it. Nope.
    I’ve watched people at work using it, they all just seem to just scroll down the page, quickly scanning the photos and comments of their “friends”. Who’s buying?
    Seems a bit Emperor’s new clothes to me…

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