a skeptical eye on pop culture and public discourse
Why is Facebook Worth Anything? (#facebook)
Apparently, some people are pricing Facebook at $33 billion. Why? Have you ever clicked on an ad in Facebook? I haven't. Do you pay Facebook any money for their services? I haven't. Who is, and why would they? As far as I can tell, Facebook offers free web hosting and almost nothing else. They generate no content. All activity is user-generated. Can someone explain this mystery to me in the comments?