He's not in the Top 40 billionaires and facebook was way overpriced and overvalued because it's not an essential service like computers, a huge retail chain or telecommunications. It's a FREE social network site. The only way they make money is through advertising. And it has no long-term viability because it will eventually fade away and become replaced just like what happened to MySpace.
There's a rumor that Facebook could buy Nokia. But...
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We have a young company, Facebook, flush with cash, led by a young, inexperienced CEO, who treats this cash as if it were something he won in a game show. So I expect this to end badly.
