Facebook is Valuable
It is mind boggling to see the dollar amounts that are attached to social media sites. I have expressed my lack of appreciation for Facebook in the past. I have to admit that I am a unique individual who has never been much of a joiner. I am not a target audience. I am not a key demographic. I personally think that Facebook was overvalued in much the same way that YouTube was overvalued and MySpace was overvalued. I am very much a YouTube enthusiast, but I have been noticing a deterioration in content there as of late. Here is a video from Puppet Tom, a soft and conversive version of Tom from MySpace. He was congratulating YouTube on being bought by Google way back when, for about 1/10th of the value that Microsoft just applied to Facebook when it bought a small share for $240 million.
MySpace was bought outright by News Corp. who paid $580 million back in 2005.
