While I can't comment specifically on the accuracy of this valuation as I don't really know shit about that world (although, based on the numbers they present, it looks pretty accurate...I guess?), I can say that commonly people see Facebook's valuations and say "That's absurd!" I disagree with that -- I think it's pretty much in line. Facebook is fast approaching -- or might already be -- a huge player in the software world, as huge as Google or Microsoft; as in, they are slowly building a platform that you soon won't be able to live without.
Right now they're just a social networking site...but their poised to take their business to a new level and become your actual online identity.
Right now they're just a social networking site...but their poised to take their business to a new level and become your actual online identity.