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Haha, the HN post about Facebook has a very interesting comment which mentions the internet "a decade from now":

> It is just a joke that Facebook could be valued at $6 billion. An absolute joke.

> FB has 30 million users, and that's not considering potential duplicates.

> The number of active users may be even smaller than that, and some people like I only log on once a week or so.

> If FB gets sold for $6 billion, that means the new owning company would need to make $500 million a year for 12 years(!) to break even.

> Frankly, the Internet will probably be drastically different a decade from now.

> FB doesn't even make $50 million a year, who in their right mind thinks that they will all of a sudden make a profit off Facebook by spending that much money?

> I swear some of these big companies just like throwing money at things. Yes, the dot-com bubble is here once again.

Original comment: https://news.ycombinator.com/item?id=34165

Sounds like people talking about Uber today. "No way in hell is Uber worth xxx billion. An Absolute joke. Uber is losing xxx million dollars every quarter. Who in their right mind thinks that they will all of a sudden make a profit off Uber by spending that much money?"

I mean this tells me that engineers (assuming on average there are more technical readers on hacker news) don't know anything about products and their values. Or it's just that people aren't capable of thinking long-term.

Or maybe different things are different, and pointing at facebooks unlikely story to make a case for ubers long-term chances or broad claims about what engineers do or dont know is just as lazy as shunning uber without substantial insight into the field.

The accountants do and Uber's balance sheet makes them wonder if they will be as powerful in 10 years as yahoo is now.

Err, except Uber is actually in big trouble...

Do you think that trouble will last the next ten years?

I don't think it'll need to

Facebook now makes roughly $9 billion in revenue (and $4 billion in profit) per quarter.

Hmm, I see "Unknown or expired link" when I visit that. Is this a joke I didn't get?

Yeah, it was nostalgia. Expiring links used to be something of a plague. Made me chuckle a bit to see it again.

http://web.archive.org/web/20070716155904/http://news.ycombi... is a good rebuttal to the FB criticism though.

They're not wrong. We live in cuckooland.

Original article (with interesting comments) https://web.archive.org/web/20070715031943/http://battelleme...

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