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15 reasons why Facebook is worth $15 billion

October 29th, 2007 at 10:34 AM

$15 billion?? Yeah, we know, that’s an insane sum of money, but could Facebook really be worth that much? Well, the answer is yes…sort of. As we all know, Microsoft just purchased 1.6% of the company for $240 million. Do a little math, and you’ll soon see why $15 billion isn’t out of the realm of possibility. In honor of this startling revelation, the BBC has put together a rather compelling list of 15 reasons why Facebook might, in fact, be worth that exorbitant sum. Our favorites?

  • The network has gone viral in the last 12 months, with more than 50 million users worldwide and a user base that is growing faster than great rival MySpace. According to Facebook, it adds 200,000 new users each day.
  • According to a report, 233 million hours of work are lost each month in the UK due to staff looking at social networks. Advertisers can now target people when at their desks.
  • Every major content firm with an online presence is either working on a Facebook application or has already launched one – from Google to the BBC

We’re still not sure if the $15 billion price tag will hold water, but Facebook is undeniably valuable. What do you think, dear readers…how much would you pay for Mark Zuckerberg’s online empire?

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