Report: Facebook Filing $5B IPO on Wednesday

[dark_lord69]

5 billion huh?

Sure right now it's riding the high and might wave of popularity which generates awesome advertizing revenue. But lets say tomorrow everyone decideds to use google+ instead. Facebook would only be worth the value of thier physical assets and cash. I highly doubt they have that much in phisical assets and cash combined. The current valuation of facebook being worth something like $130 billion. These valuations are very odd to me and make me think of that tech bubble that popped in the 90's. Basically if tomorrow everyone left facebook they wouldn't be left with $130 billion dollar business. Which makes me think that the value is also based on possible future income. That kind of accounting is what put us in this mess in the first place.

 

[heezdeadjim]

I don't have a Face-Hooker account (yet..dreading the day). I'm really trying hard to keep from signing up. Alas, if I want to take photography seriously, I'll have to have one for better exposure.

I used to have Mice-Face, but I haven't even logged onto that account for over 4+ years now. And when I did use it, I only had my pets on it. I had over 700+ contacts that also were pet lovers (dogs, cats, ferrets, horses, snakes, birds, etc.), so it wasn't for mindless "all-about-me" myopic photos and comments. I remember a lot of my friends said: "join Facebook, it's more adults than kids on there"....but there are still kids signing up to FaceBook. Yet, parents still claim MolestSpace and Pedo-Book didn't do enough to protect their children from sickos on there.

It's now wonder both sites merged together recently (Space-Face?), but I suspect in about 5 years that FaceCrook will be usurped by yet another pretentious social-network wannabe. I hope Apple makes one....we'll christen it by calling it " i-Phook"...