You're simultaneously believing the hype about Facebook's valuation while discounting its revenue potential. With different assumptions I suppose one could arrive at a different conclusion.
It's difficult to see a revenue potential that justifies a $50Bn valuation. There are 2Bn internet users at the most generous estimate - for half of those $1 is a large amount of money.
It's difficult to see how advertisers are going to extract enough value from the other half to make paying $50 to Facebook for each of them likely. When even a the most expensive superbowl commercial only costs 3c/viewer.
It's difficult to see how advertisers are going to extract enough value from the other half to make paying $50 to Facebook for each of them likely. When even a the most expensive superbowl commercial only costs 3c/viewer.