Sit down for this one. Then log on Facebook. Some previous estimates have put the site’s worth at 1.5 billion. But now some practical math has revealed the outlandish, but entirely realistic: Facebook is worth more like 33 billion. Again, as they say, that is billion with a “b”.
AOL Daily Finance has the report that works the numbers. While Facebook is not a publicly traded company levels of management and staff do own shares in the peak of social media. Those shares sell for around $76 bucks. Compare that share value and the number of holders (less than 500) to the value of other big online stops like Yahoo and Ebay, valued at $18 billion and $30 billion respectively, which do not have the growth of Facebook and to the financially savvy it all says well, billions of things. Over thirty billion things. In cash.
The tricky thing in trying to figure out the numbers is that Facebook hasn’t “sold out” per se. While advertisers flock to Facebook’s online doors Mark Zuckerberg and his crew don’t data mine Facebook users like other websites. That is they don’t sell or report a user’s specific interests or surfing patterns to those who’d want to know them. At least not as much as Yahoo anyway. As Facebook grows it’ll have to decide how it wants to deal with all the money it could make and what growing pains it will go through. But for now everything makes dollars and sense.
Facebook CEO Mark Zuckerberg at Facebook headquarters. (Photo Source: PicApp)