people are building their entire lives around it. so the bet is not only advertising revenue but commerce revenue and other revenue will flow out of it. obviously, we re very early. they only have $2 billion of revenue. $2 billion of revenue, that s the number circulating. how much profit? a small amount of profit, $1 million or $2 million. on a pe basis, it s absurd, but goldman is looking forward. here s my question, i have three teenage daughters, they have facebook sites, it s like oxygen to them, but like oxygen, they don t pay for it. so where s the money coming from? explain how you make money on this? i m not an expert on how they think they re going to make money. that s the big mystery for all these social networking sites. but they have the eyeballs, they have the 500 million last time i heard it s 500 million, now henry s saying it s 600 million. and last week facebook s valuation was with $42 billion in the private market. today, a week later, it s $50 billion wi
goldman sachs has seen the numbers. but they put their own money up for it, so they presumably like them. the bull story is, this is a company with 6 million users worldwide, probably headed toward 1 billion or 2 billion. people are building their lives around it. it s not like a news site you visit and leave. people are building their entire lives around it. so the bet is not only thinki advertising revenue but commerce revenue and other revenue will flow out of it. obviously, we re very early. they only have $2 billion of revenue. $2 billion of revenue, that s the number circulating. how much profit? a small amount of profit, $1 million or $2 million. on a pe basis, it s absurd, but goldman is looking forward. here s my question, i have three teenage daughters, they have facebook sites, it s like oxygen to them, but like oxygen, they don t pay for it. so where s the money coming from? explain how you make money on this? i m not an expert on how they think they re going to mak
things. but as also the federal mandates, and we call it maintenance of effort requirements, have grown and grown, you re also bankrupting a state like arizona. well, if we go through that point by point for two hours, i m going to have to check into the emergency room. all right. well, we ll do it over a starbucks. okay. several. all right, thanks so much for being with us. happy to be here. ahead on the show, as if facebook weren t successful enough, goldman sachs just invested another $500 million in the company. when we come back, we ll find out why. stay with us. a company with 600 million users worldwide, probably headed to a billion or 2 billion. people are building their lives around it. it s not like a news site that you visit and you leave. people are actually building their entire lives about it. so the bet is, not only advertising revenue, but commerce revenue and other opportunities will flow out of that.
goldman sachs has seen the numbers. but they put their own money up for it, so they presumably like them. the bull story is, this is a company with 6 million users worldwide, probably headed toward 1 billion or 2 billion. people are building their lives around it. it s not like a news site you visit and leave. people are building their entire lives around it. so the bet is not only thinking advertising revenue but commerce revenue and other revenue will flow out of it. obviously, we re very early. they only have $2 billion of revenue. $2 billion of revenue, that s the number circulating. how much profit? a small amount of profit, $1 million or $2 million. on a pe basis, it s absurd, but goldman is looking forward. here s my question, i have three teenage daughters, they have facebook sites, it s like oxygen to them, but like oxygen, they don t pay for it. so where s the money coming from? explain how you make money on this? i m not an expert on how they think they re going to m
but they put their own money up for it, so they presumably like them. the bull story is, this is a company with 6 million users worldwide, probably headed toward 1 billion or 2 billion. people are building their lives around it. it s not like a news site you visit and leave. people are building their entire lives around it. so the bet is not only thinking advertising revenue but commerce revenue and other revenue will flow out of it. obviously, we re very early. they only have $2 billion of revenue. $2 billion of revenue, that s the number circulating. how much profit? a small amount of profit, $1 million or $2 million. on a pe basis, it s absurd, but goldman is looking forward. here s my question, i have three teenage daughters, they have facebook sites, it s like oxygen to them, but like oxygen, they don t pay for it. so where s the money coming from? explain how you make money on this? i m not an expert on how they think they re going to make money. but they have the eyeball