The evaluation for a site like this is about US$1 per user per month in perceived value. Here are the Facebook Stats: People on Facebook - More than 500 million active users 50% of our active users log on to Facebook in any given day Average user has 130 friends People spend over 700 billion minutes per month on Facebook Activity on Facebook - There are over 900 million objects that people interact with (pages, groups, events and community pages) Average user is connected to 80 community pages, groups and events Average user creates 90 pieces of content each month More than 30 billion pieces of content (web links, news stories, blog posts, notes, photo albums, etc.) shared each month. Global Reach - More than 70 translations available on the site About 70% of Facebook users are outside the United States Over 300,000 users helped translate the site through the translations application Platform - Entrepreneurs and developers from more than 190 countries build with Facebook Platform People on Facebook install 20 million applications every day Every month, more than 250 million people engage with Facebook on external websites Since social plugins launched in April 2010, an average of 10,000 new websites integrate with Facebook every day More than 2.5 million websites have integrated with Facebook, including over 80 of comScore's U.S. Top 100 websites and over half of comScore's Global Top 100 websites Mobile - There are more than 200 million active users currently accessing Facebook through their mobile devices. People that use Facebook on their mobile devices are twice as active on Facebook than non-mobile users. There are more than 200 mobile operators in 60 countries working to deploy and promote Facebook mobile products Seems to me to be fair value!
The problem is there's no other "site like this". So you can't base any valuation on that quote. My opinion is that this evaluation doesn't hold when considering high numbers of users. Beside, $1 /user/month is usually the value of list-based marketing schemes, i.e. the sites that actually sell something to their users. Facebook is potentially sitting on a gold mine. They need to come up with a business model to exploit it as soon as possible. I don't think they have much time before the next thing takes over. Ninna
The Dollar amount is based on advertising potential only. About 8 - 9 months for the next "big" thing.
Facebook is worth a thousand MySpaces - MS is worthless to anyone except the music industry. The potential for adding new business models to FB is insane, and the database they're building is scary. Just combine GroupOn with Facebook and you have another $10 billion company right there.
Funny how everyone pushes myspace aside, 5 years ago myspace was the biggest deal on the internet after google. Remember what all are saying today about how facebook and how its worth $35 Billion, $45 Billion and even $50 billion, its all a joke. In a few years time everyone will look back and say remember when all the fools thought facebook was worth these many billions as the next big fad makes its way to the internet. Enough with the hype and fad. The internet changes so quick that facebook will be lucky to have 600 million people in the next 5 years let alone the next 3.....its reaching its popularity peak at the moment. How many more hundreds of millions of people can they add. ITs growth is peaking.
He did not mention Google, he is talking about Facebook and how it resembles Myspace 5 years ago. Try reading his post. What's to say that Facebook has not jumped the shark and the next social networking site is on its way in?
I was being facetious. MySpace and Facebook are entirely different but I guess you have to be familiar with this environment and the advertising in it to see that. Read my previous post as to when I think the next "big thing" will come along.