Kontra,

That (Facebook's internal) valuation indicates a rate of approximately
$29/user, with revenue *projections* of $2.30/user this year. Is FB revenue
neutral yet? Does that $300m cover its costs of production, operation, and
marketing? How long until the investments to-date - $496m according to
Jared's earlier comment - are recouped? Is the company even cashflow
positive? Is revenue growth matching the growth in users? How about the cost
base?

If the investment dollars were shut off today, how long would the company
last?

What you've seen to-date is conditional success - those are good numbers;
but they still have a ways to go until the fundamentals are in place. And
the question remains: by the time the fundamentals are in place, will anyone
care?

Regards
Steve

2008/9/23 Kontra <[EMAIL PROTECTED]>

> > at this point in history (no revisionism allowed) it would seem that FB
> > has a heck of a big turn to make to make it all come together.
> >
>
> FB has great network effects, low cost of production and sales, dominance
> in
> its sector and excellent growth rate. FB has raised $300 so far and is
> slated to earn $300 million in revenue this year. FB has over 130 million
> unique visitors.
>
> FB got a nominal valuation of $15 billion on Microsoft investment of $246
> million. FB is said to have a $3.75 billion valuation according to its own
> internal calculations.
>
> (For comparison, Bebo, with 40 million users, sold to AOL for $850 million
> @
> $21.25/user. MySpace, with 21 million users at the time, went to News Corp
> @
> $27.62/user. Skype to eBay for $4.1 billion @ $52/user.)
>
> In just a few short years, FB has achieved all this apparently without
> killing animals. This is supposed to be failure? I gotta get me some of
> that
> fad to make my life to come together like that.
>
> --
> Kontra
> http://counternotions.com
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-- 
----------------------------------------------
Steve 'Doc' Baty B.Sc (Maths), M.EC, MBA
Principal Consultant
Meld Consulting
M: +61 417 061 292
E: [EMAIL PROTECTED]

UX Statistics: http://uxstats.blogspot.com

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