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