What is Digg?126 Comments
- geneticlemon, on 10/26/2007, -0/+101Facebook: Where you buy .gif images for a dollar to give to other people, because apparently those forwarded emails from your grandma just aren't enough.
- darnit, on 10/29/2007, -1/+62Man, I'm sick of all these web 2.0 sites where the owners make huge amounts of cash while it's the day to day users who create the real value of the property by providing content and community yet have nothing to show for their labor.
.... oh wait. - brokenspatula, on 10/29/2007, -4/+43Facebook net income is 30million a year...
That means MSFT paid 8x the previous years earnings and only got 1.6%
That leaves facebook with a PE of 500...
In comparison, Apple has a PE of 52 - cnot3, on 10/25/2007, -2/+35Whoever pays $15 billion for facebook is gonna kick themselves when they realize its just a bunch of teenagers uploading photos of each other underage drinking and talking about nothing. But idk maybe they will come up with some really cool .gifs people will actually pay a dollar for!
- neocr0n, on 10/25/2007, -1/+27Facebook can't be worth 15 billion dollars surely?
- inactive, on 10/25/2007, -1/+21Bill Gates keeps more money in his wallet than FAcebook will be worth when the bubble bursts.
- andrewcsayer, on 10/25/2007, -0/+20False. I do not miss Jim Halpert
- jmpeagle, on 10/26/2007, -3/+21it has about 30 million unique users meaning it values each user at around $500, which seems kind of ridiculous.
- icsbase, on 11/01/2007, -1/+18I'd call Facebook as internet bubble. This is why Microsoft got only 1,6% of the shares because they had to sell to someone to improve their services and the owner, 23 year old guy needed some cash. If he plans to keep Facebook on his own, a major share like now, the value will drop eventually. Microsoft paid a lot of overprice just to prevent Google from getting any of Facebook. It would have been Microsofts doom on internet advertisements.
- inactive, on 11/01/2007, -0/+15It isn't...remember, Broadcast.com once had a valuation of almost $6 billion. Broadcast.com. Valuations are meaningless.
- DenRoedeBaron, on 10/25/2007, -0/+14Completely ridiculous! So each facebook user is worth $300?
- hoppdawg, on 10/25/2007, -2/+151.6% of the company for $240mil? Sensing desperation.
- graviplana, on 10/25/2007, -0/+13I bet Yahoo! is more than happy about the investment.
- brokenspatula, on 10/26/2007, -0/+13wall street journal
http://online.wsj.com/article/SB119323518308669856 ... - ninefournine949, on 10/25/2007, -0/+12***** retarded..
- thailand1972, on 11/01/2007, -0/+12Can someone tell me....how does a company that struggles to break even have a valuation of $15 Billion?Even if it makes $100M in profit next year, how can its value be 150 times its yearly profit?
- jmpeagle, on 10/26/2007, -4/+15they aren't a public company and don't report their earnings...where are you getting your numbers from?
- DadeEldron, on 10/25/2007, -0/+11man I wish I had a big bag of CASH....!
- diggmemphis, on 10/25/2007, -1/+12Bubble 2.0! 300 - 500 years to break-even at a $15B valuation. Microsoft is flailing. Facebook is playing pretty good poker. Problem is, someday they actually have to turn their cards over.
- vamos, on 10/25/2007, -0/+11Attn Facebook Founders: Take the $15B!
- inactive, on 10/25/2007, -2/+12Oh, does your grandma use facebook? I bet she uses Windows...
- inactive, on 10/25/2007, -0/+8WTF did you just say?
- jdmcadam, on 10/26/2007, -1/+9It's only misleading if you're bad at math.
- Awspire, on 10/25/2007, -0/+7Is it me, or has advertising revenues surpassed that of manufactured goods? If everyones selling, then who the hell is buying? I see a bright shining bubble floating about looking rather full.
- jmpeagle, on 10/26/2007, -1/+8it actually appears to only be breaking even this year
"Facebook, which runs a site where people set up personal Web pages, expects to break even this year, on a cash-flow basis, with revenue of $150 million, according to people familiar with the company." - dteresh, on 10/25/2007, -0/+7He turned down 1 billion.
- inactive, on 10/25/2007, -0/+7But I thought Digg was such a HUGE site. And growing every day...
And powered by Microsoft ads. - vsujohn2, on 10/25/2007, -0/+7Of course its not worth that much... and don't call me surely
- edicius, on 10/26/2007, -0/+7Or bad at reading and understanding English. It doesn't say anywhere that Microsoft bought Facebook.
- AuburnTigers, on 10/25/2007, -0/+7bazaar? seriously?
- Christbait, on 10/25/2007, -4/+11$240Million..... in jew gold?
- cnot3, on 10/25/2007, -2/+8I would spend it on booze, its a better investment than internet stock.
- inactive, on 10/25/2007, -0/+5Nobody is going to pay that much for Facebook.
- henrikakselsen, on 10/25/2007, -2/+7240 million... Imagine how much candy we could have bought instead!
- lateralus, on 10/25/2007, -0/+5There's a Woot-off underway right now. It's worth a try if you're going to be up anyway.
- etnu, on 10/25/2007, -0/+5Broadcast.com actually sold for that $6bn, too. This time around it might be MS making a big stupid buying decision instead of Yahoo, but somebody probably will make that decision.
I really don't get the facebook hype. Even if they completely dominated the social networking and widget/gadget markets, those are still tiny industries. Putting facebook's value at $15bn is saying that the company is worth about half as much as Yahoo -- a company with 15,000 employees and making a billion a year in profit. - graviplana, on 10/25/2007, -2/+7Wow.
- known, on 10/25/2007, -1/+6Right. I have an account in facebook and what/where is my share of $15 billion.
- ngsayjoe, on 10/25/2007, -2/+6Facebook chose Microsoft over Google. One reason I can see is that, Facebook thinks Google is too much of a threat as a competitor. Henceforth, would you want a competitor, who is also an investor, to sit on your board? Smart choice to choose Microsoft, as it is not a threat when it comes to web platform.
- jmpeagle, on 10/26/2007, -2/+6Facebook rejected a rival offer from Google
- esheep932, on 10/25/2007, -0/+4i really miss the old facebook. now my scroll finger is sore from scrolling through useless lengths of crap on everyone's profile.
- Awspire, on 10/25/2007, -1/+5How much is Facebook valued when you adjust for Ad-Block?
- dexedrine, on 10/25/2007, -0/+4What ever happened to that 'old' facebook...Friendster? Is that still around? Whatever happened to Friendster will happen to facebook. It will get outgrown.
- smacksaw, on 10/25/2007, -0/+4I hope that Facebook doesn't start doing that "Stop Script/Continue" ***** on Firefox like it does Digg, who also uses Microsoft ads.
Wait a minute...Microsoft hates Firefox. And my browser freezes loading Microsoft's ads. Hmm.
I predict Facebook is going to start to have problems. Too bad, it was better than MySpace for that reason. - Optimaximal, on 10/25/2007, -0/+4It may be valued at $15 Billion, but it isn't worth anywhere near as much. Bubbles burst and the next social networking site that springs up with a gimick will just take its market share and the site will disappear into obscurity.
- unleashedlive, on 10/25/2007, -0/+3Because the data Facebook has about everyone is a gold-mine of information for other companies and could easily be sold for that much.
- AdamFromMyspace, on 10/29/2007, -1/+4bazaar? Isn't that some sort of marketplace or something?
- MScrip, on 10/25/2007, -2/+5> "its just a bunch of teenagers uploading photos of each other underage drinking and talking about nothing."
True. But Facebook users check that site every day. Multiple times a day. It's got staying power. Photo sharing and messaging... all on one site. It works. - fliguy84, on 10/25/2007, -1/+4Bleh, I remember the time when Facebook is just about social networking among college students. And now look what it has become. A place for emos and wannabe pop/rock stars to hang out. Just another MySpace :(
- MScrip, on 10/25/2007, -1/+4I remember when e-mail was just for scientific research and corporate communication. Now everyone has e-mail.
Evolve. -
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