[Flumper Barflusterbutt]

I saw a story on the guy that owns Facebook last night. I think he's 26 years old. He started it with some college buddies when he was 19 and in school at Harvard. The school had some kind of web directory for students and they wanted to make it better and easier to use.

The company is privately held. A few years ago he turned down a cash offer of $1 billion for it.

They say its worth around $20 billion right now.

They have more members on that site than the populations of the United States, German and Japan combined. Something like 500 million users.

He's 20-fucking-6 years old!

[BIRD33]

Myspace was bought for $580 million.Its now worth nothing.

[squirt]

Right idea at the right time - lucky break. He should sell it while the selling is good.

[Flumper Barflusterbutt]

Right idea at the right time - lucky break. He should sell it while the selling is good.

That's exactly what I was thinking. I mean its like gambling. You never know when to get out. But holy christ, $20 billion?

Even if he only got half that much.

He said he is more worried about the next idea from a 15 year old techy than he is from some large company like Google challenging his product and service.

[Flumper Barflusterbutt]

But, since its privately held, he does not have to disclose how much he makes off of it every year. So who knows. Maybe he makes a $billion a year in profit.

[squirt]

I can't imagine how much someone would make off of something like that, but if it ever goes tits-up, he won't be making anything. Even a measly $1 billion would set him and his family up for life.

[leeman]

Calculate quickly aprox 500 mil users say that 10% of them clicks on one ad / week that makes like 50 mil clicks / week at $ 0.05 ...

You do the rest...

[Flumper Barflusterbutt]

Calculate quickly aprox 500 mil users say that 10% of them clicks on one ad / week that makes like 50 mil clicks / week at $ 0.05 ...

You do the rest...

50 million x $0.05/week x 52 weeks = $130 million from ads per year. That sounds low.

He did say that the revenue from ads is the only source of income. They have pledged to make the site completely free for users that just want to access Facebook.

[Anhil8tor]

how much is fuckbook worth?

[WoolyGoat]

how much is fuckbook worth?

i like that place because all the girls know right where I live. so many options in my home town.