15 Reasons Facebook Isn’t Worth $15 Billion
By Ilias on Dec 4, 2007 in Business
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.
