JANUARY 03, 2010
Interesting to see how facebook is now moving up the valuation charts. Funny when I was the only one even possible before Zuckerberg started sending private e-mails to Google staff seeking to get them to work for him, that the company would worth in the near future US$100 billion that I already wrote my blog post way before. Then again what do I know?
Facebook Now Worth More Than Yahoo And eBay
Facebook’s latest round of financing from Goldman Sachs at a $50 billion valuation, which is about the same valuation its shares are trading on SecondMarket, clearly puts it in the pantheon of the most valuable Internet companies. At $50 billion, Facebook is now worth more than Yahoo (which has a $22 billion market cap) and eBay ($37 billion), and almost worth more than both of them combined—and that is before it has even gone public. On the valuation scale of publicly traded Internet companies, however, it is still smaller than Amazon ($83 billion) and Google ($193 billion).
Read full article techcrunch
SEPTEMBER 1, 2010
The info in Block quote was released today. That is 6 days after my article. What say you?
Meanwhile, Mike says Facebook is “quietly telling people, never in writing, that there’s no reason their stock won’t hit $100 billion in total valuation over the next couple of years.”
From article Googler Turns Down $500,000 Cash Bonus To Quit And Join Facebook By businessinsider.com
A few years ago I recall reading on a top tech blog at the time of Google’s stock riding high almost at $800 a pop. Around the same time facebook was fast rising and some were arguing that they were worth if I recall US$8-15 billion while they had less than 100 million users.
It is so vague now, but I recall a mysterious genius leaving some comments about Google and making some prediction on their shares. The claim was that their value will fall to almost half within six months. Of course there were no rumours flying around in respect to this prediction prior to it being made. Of course true to form the Google share fell to almost half.
At around the same time the same poster made a comment that facebook was valued more like $2-4 billion. A few weeks or months later some VCs came out and said they did not think facebook was as much as many thought they were worth. As such talks of entertaining raising capital based around such valuations then fell to zero until the Russian came knocking. Of course today they are worth more than US$15 billion, and more like US$100 billion. Continue reading