Wednesday, October 20, 2010 11:11:53 PM
do you remember the big nasdaq bubble 10, 15 years ago? nobody was talking about earnings, it was all about eyeballs.
why am i writing about this? well wallstreet is at it again, look at the market cap of netflix, 8 billion? what did they make last quarter, 7 million? how can a company that charges you 7 or 8 bucks per month so you can watch movies (almost infinite amount) make money? they do but not much and look at the crazy market cap.
another example, youtube make money? i don't know but i bet if they do it ain't much and how much was it purchased for? 1.65 billion about 5 years ago when it was not as big then. the numbers for facebook? billions i'm sure, revenues/earnings?
who knows, maybe fargo will be the game changer, a site that actually makes money and gets rewarded by a healthy market value. i don't know, i guess one have to be patient and see if it happens but like some investors here, i'm getting more and more frustrated each day. but one product that is really getting me excited about f3 is ids, we got about 500 user registration in a few days, to 1400 in about 2 weeks out of a total population of about 30,000? i like this trend, i don't care about revenue/user, we have advertising to help us, what i care are eyeballs. everybody, please keep the board updated on eyeball count for ids.
o.k., rambling over i guess i just needed to vent. sorry for taking some of your precious time.
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