RE RE Facebook 1 trillion dollars
A couple weeks ago I blogged that facebook could be worth one trillion dollars at some point in the future. While most people dismissed that figure as being overtly excessive, facisious, and idiotic, but if history is any indicator I can still be vindicated.
With microsoft willing to pay a staggering $500 million for just a paltry 5% of facebook that indicates that people are willing to pay A LOT for the site and given the rate it is growing that figure will only increase.
You pay a premium for huge growth & potential, first and forement.
Would you pay more than $1 for $1 bill? Probably not. But what if you had a 90% chance of making an additional $10? Then it would be a good deal to pay extra.
Just a year ago facebook was worth a billion and three years. And three years ago no one in their wildest dreams could have imagined it being worth 10 billion. But now it is. If I said facebook would be worth $10 billion dollars two years ago detractors would say the same thing then as they are saying now.
The potential is unlimited.