Originally Posted by NajdorfDefense
False, it's the 2nd biggest IPO in history. And Visa shouldn't even count as an IPO. Many smaller firms float 10% of the firm or less, FB is not.
Your statement doesn't contradict my statement in any way.
Latest figures indicate that about 20% of FB is being floated. And yes, it a gigantically sized IPO.
Originally Posted by ThaSaltCracka
I seriously would like someone to explain or link something demonstrating why this company is worth over $100billion.
Well, they have a billion real users who spend 7 hours on the site each and every month. (or whatever the exact stats are) And FB is creating an ecosystem for the rest of the internet to keep people reliant on FB and inside the FB model. For example, they are allowing people to upload large files, play games, etc - so fewer and fewer people need to leave the site to do things they would do on other sites. And many other sites are relying on Facebook for logins/commenting/etc...
What are the biggest and most profitable websites out there? Facebook can integrate some of their features and capture those markets... Is Facebook Youtube, Facebook Movie Streaming, Facebook Hobby Forums, Facebook Stores that far out of the realm of possibility for Facebook?
So far, they haven't really spammed their users to death (like most other commercial sites). So whatever they are earning now, there's probably potential to make more.
That's worth something.
Exact numbers are just speculation.