News for hackers. Stuff that matters.

A comment on Bitcoin falls below $5,000. Parent comment

Re:Bitcoin falls below $5,000 by nostrademons on Monday November 19, 2018 @02:01PM (#18488777)
We didn't in 2007 when FB was worth $15B, though. At the time, it was primarily used for throwing sheep at people, getting laid, and boasting about how many friends you have. They had just barely opened up the site to adults, the news feed was a year in the future, the Like button was 2 years in the future, and they didn't have advertisement or any revenue at all until 5 years in the future.

All we knew was that a lot of people were very excited about it for pretty irrational reasons. That's a lot like how a lot of people are very excited about cryptocurrency for pretty irrational reasons.

[ Parent | on HN ]
Re:Bitcoin falls below $5,000 by rootusrootus on Monday November 19, 2018 @04:44PM (#18489992)
In 2007, Facebook made $153M. Zuckerberg announced Facebook Ads on November 6, 2007. Then they basically doubled their revenue the next year, and for several years after. They must have had something before Facebook Ads, because they couldn't have made the entire $153M in less than two months.
[ Parent | on HN ]