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facebook....I still don't see how they make THAT much money
OK, FB is going public. The sums of money they are talking about are mind numbing. I known they have something like 800 million users but I still don't get exactly who is paying them and what exactly they are "selling". OK lets assume they are selling all the info everyone puts on the page. Who is buying it? It cant be worth all that much? DO you care that I have 2 kids, a wife and live in 02539 and like to fish have a boat and studied engineering? I get it that someone might find all this interesting and might want to use it to target me for advertising but it is not worth all that much $. Who is writing these mega checks to FB? It can't be those 5 cheesy ads on the side of the page...no way.
IMO facebook does not need an IPO to expand, they have gobs of cash and are all billionaires. This is all about making the VC's even more rich as they look to receive several billion in the next 90 days. IMO IPO's are used to raise capital to develop companies, not squeeze out more money from the investing public to line their pockets. I don't get it.
I still don't understand their model and how they scaled it to what , that said, I understand google but still, the scale they achieved seems disproportionate with reality.
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