With all the hype about Facebook and talk of the company potentially being the next Google or Microsoft, Mashable provides 15 logical reasons why Facebook is not worth $15 billion. Below you can read some of these reasons:

• MySpace is still by far the most dominant social networking website in the world.
• The longevity of social networking as a standalone market is questionable.
• Although Facebook has seen strong international growth, it has failed to develop localized versions of its service.
• Facebook faces several legal threats.
• Facebook is led by 23-year old Mark Zuckerberg. He maintains significant control over a company with more than 350 employees.
• At the end of the day, for all of the exuberance, one of the most popular features of Facebook is still the ability to “poke” other users.

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