I may not have been born yesterday, and I have been prone recently to praise the quick pull and insight of FastCompany.com, but Facebook? The most innovative company. Really?
I seriously need to go read the article. But Zuckerberg?
Well, this morning Business Insider says this, "Facebook Will Be Worth $35 Billion To $40 Billion When It Goes Public Next Year, Investors Predict // Facebook will probably go public in 2011, once it's had a year of $1+ billion in sales behind it. (The company expects to do between $1.2 billion and $2 billion in sales this year.) "
What? Maybe the games are selling, but are companies (Besides Progressive and Dell) still buying large ad space on Facebook? I'd really like to know what the ROI is on a Facebook campaign. As I've stated before I know of only one other person, besides myself, who has actually bought something in response to a Facebook ad. Oh, wait, he didn't buy, he just browsed. So, I'm the only person I know who has actually paid off for one of the advertisers. In my case it was a t-shirt manufacturer and I bought a handful of geek shirts. (grin)
So how did Mr. Zuckerberg's brain-sink get to a valuation of 2,687 Teslas, before tax?
Innovation? Really? What's innovative about Facebook? I need to Google for Facebook's revenue numbers. What ARE they making money on? (If you find this number and send it to me, I'll give you a bag of donuts.)
@jmacofearth
permalink: http://bit.ly/innovation-fail
- Silicon Alley's Business Insider: The complete FACEBOOK Story.
- FastCompany: Top Innovative Companies of 2010.
















