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With 2010 revenue of about $240 million
IPO $9.1 billion foreshadows an unbelievable value for Facebook when it has
an IPO. Particularly since Facebook had 2010 revenue of about $2 billion, and
most recent report of the Top Ten Social Networking Sites listed Facebook
#1 with a whopping 64.22% and LinkedIn was merely #9 with 0.41%. It doesn't
take rocket science to see that Facebook's IPO will be astronomical! Bloomberg
reports that the Facebook
IPO is still on track for April 2012.
These numbers make me dizzy and remind
me of the Internet (doc.com) bubble of the late 1990s...what do you think?
Peter Vogel's Internet, Information Technology, & e-Discovery Blog
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