HackersCapital

I have been teaching myself how to code for 1.5 years and also did bloc.io, so I will have about 1,000 of programming under my belt before starting Dev Bootcamp in October. Almost every other student has been coding a lot before getting started. If you start from nothing, I agree that you will not make too much progress in 9 weeks, but this is not the case for most Dev Bootcamp students.

The conclusion of the article is sad - the great scientist is becoming a lawyer. There are already too many lawyers http://abovethelaw.com/2011/06/the-oversupply-of-lawyers-in-...

This is an awesome comment.

Under GAAP, there are a lot of intangibles that are not reported on the balance sheet. Basically all of facebook's internally developed intangibles are not on the BS, but all of Instagram's intangibles will be there. Kind of weird, but this is how purchase accounting works.

I checked and almost all of Ford's securities trade at or above par, so the market value of Ford's debt is higher than I presented above. When I was doing the research, I noticed that Ford has Corporate Debentures that were issued in May 1997 and come due in May 2097!

I will take a look at the book value of Ford's debt tomorrow on Bloomberg. I agree that the market value of debt should be used for the analysis, but I don't think it will change the conclusion.

Ford IS more valuable that facebook. This guy's analysis is an apples to oranges comparison. Ford has $100.5 billion in debt and facebook has no debt - the companies should be compared based on enterprise value:

Enterprise value in billions = market capitalization + debt - cash

Ford’s enterprise value = 40.4 + 100.5 - 15.2 = $125.7 Billion

facebook’s enterprise value = 90 + 0 - 1.5 = $88.5 Billion

See here for a post I did on this article: http://hackerscapital.tumblr.com/