Facebook. The phenomena that has taken the U.S. and now the world by storm. Facebook is thought to be worth $50 billion, but no one is really sure what this growing empire is worth or what their revenue is. People just think that Facebook has the potential to be worth $50 billion in the future. Rushkoff says, that Facebook would have to be a permanent fixture. The people are the ones that keep Facebook going so the real fortune comes from them. By letting Facebook users know where we are going, what we are doing, etc. So the people are what keep Facebook alive.
I can believe that Facebook is worth $50 billion because it is consuming. Basically, everybody and their mama have a Facebook. Young people as old as nine have Facebook accounts and older people as old as sixty, even though it was intended for college students. I'm sure that Facebook will continue to grow and progress because people are fascinated by it. When many people endorse or support a product and that product begins to grow the wealth of that product also increases-its an exponential growth.
http://articles.cnn.com/2011-03-08/tech/facebook.overvalued_1_mark-zuckerberg-facebook-worldwide-users?_s=PM:TECH
Facebook is becoming a bit much. Everyone practically has a Facebook and the numbers are still growing. I can honestly believe that it is worth $50 billion because of it's users. We are what keeps it going, with ever time we log in or create a new page. However, it is very time consuming and has a lot of unnecessary features such plotting your location.
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