Facebook's estimated worth is now bigger than ebay's making it the third largest US internet business. To me, that is pretty impressive. Facebook's wealth is estimated to be about $41 billion where ebay's falls short at $39.3 billion. Facebook falls short to Amazon estimated at $74.4 billion and Google at $192.9 billion.
“There is certainly good cause for Facebook to have a tremendous valuation,” said Augie Ray, an analyst at Forrester Research Inc. in San Francisco. “It has in fairly short order -- just a couple of years -- gone from being a very niche site to one where the majority of Americans spend a great deal of their online time.”
My thoughts still remain true... Facebook is slowly taking over the world.
Ashley I can not agree with you more. " Facebook is taking over the world." It seems today that everyone has a facebook account no matter what their age. It also seems that almost every business small or large uses facebook as a channel of distribution to reach their customers.
ReplyDeleteThats nuts, I had no idea. I knew that facebook is was a fairly lucrative website; however, I would not have imagined that it was this large. Apparently, the way to go as as far as internet businesses go is to create a platform for advertising. Two of the top internet businesses, google and facebook, are heavy in this.
ReplyDeleteAshley, I saw this article and I have to admit... it wasn't Facebook's status that surprised me, but that eBay has managed to maintain such presence.
ReplyDeleteThey have been around for quite some time and with the same basic services. I guess it's just something that never gets old...
I can't believe they are that high on the list. I feel the advertising for Facebook is really weak. If they capitalized on the size of there following they could move up even higher. However this is a slippery slope, overadvertisement could lead to Facebook becoming the next Myspace.
ReplyDeleteWow. I knew that Facebook was worth a lot and made a lot of money selling ad space, but had no idea that they were the third largest US internet business. With the amount of users still increasing and as it continues to re-invent itself, I think Facebook will take over the world.
ReplyDeleteFacebook is what, about 5 or 6 years old and it's worth more than some companies that have been around for decades. Amazing...
ReplyDelete