What is the real value in Facebook’s $15billion valuation
So facebook is now valued at $15 Billion. How real is that valuation? I’m not 100% sure. It’s probably part hype and marketing to fuel Microsoft’s advertising services, but it does go to show that user activity is a good and valuable thing.
This was one of the reasons behind our mantra that users should be paid for their participation. If a company can play people’s participation online into a valuation of that amount, we felt those same people should get at least a piece. In fact, half of everything we earn with our future model.
User activity and interaction is a kind of collaborative, distributed computing which seems to have a massive value. It is not unlike Google’s network approach that uses dozens of data centers… so i agree they’d be better loved if they paid for good contribution - perhaps in a competition format. Or judged by users as at Digg.com or Reddit.com - they need to modify their business mindset.
Comment by Geoff Dodd - mindset
January 2nd, 2008 @ 5:22 am