Quote:
Social network Facebook is likely to go public in the first quarter of next year with a valuation of over $100 billion, the CNBC business news network reported on Monday.
That’s an eye-popping 100 times last year’s revenues. It’s twice the valuation the company had at its last fund-raising round through Goldman Sachs [GS 137.53 1.61 (+1.18%) ]. Has Facebook doubled its value since then?
Just four years ago, Microsoft [MSFT 24.04 0.335 (+1.41%) ] invested $250 million at a $15 billion valuation. A $100 billion valuation would translates into a 566.66 percent gain!
All along the way, Facebook’s valuations have attracted tut-tutting and headshaking. And, no doubt, the new price tag will surely have many screaming that we’re witnessing another Internet bubble.
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http://www.cnbc.com/id/43379994/
The largest technology companies in the world based on market capatilization are:
1. Apple $300.89 billion
2. Microsoft $202.72 billion
3. IBM $198.99 billion
4. Google $162.65 billion
5. Oracle $160.06 billion
Discuss.
and
@ people hating on Facebook like they don't use it all the time... (and not using it doesn't make you cooler than everyone who does). Also, overrated? How so...? Open your eyes. Facebook has definitely become a staple, but in what crazy reality would that be a bad thing?