Facebook is not worth $33B (2010)

Re:Facebook is not worth $33B (2010) by simonh on Wednesday December 02, 2015 @06:42AM (#10662374)

Quite. Facebook's net income for 2014 was about $3B and it's current market cap is $294B. I'm not saying it's current market cap is sensible, that's for the future to decide, but looking at the historical facts clearly it's valuation at $33B in 2010 has turned out to have been well judged.

[ Parent | on HN ]

Re:Facebook is not worth $33B (2010) by foldr on Wednesday December 02, 2015 @09:20AM (#10663029)

How much of that 3B was profit?

[ Parent | on HN ]

Re:Facebook is not worth $33B (2010) by simonh on Wednesday December 02, 2015 @06:32PM (#10666675)

All of it. Net is after cost of goods, tax, etc. Their revenue was about $10B.

[ Parent | on HN ]

Re:Facebook is not worth $33B (2010) by jackcn on Wednesday December 02, 2015 @09:56AM (#10663267)

Am I missing something or isn't profit generally net income less taxes?

[ Parent | on HN ]