genechuang

Bear Stearns Thinks Yahoo Needs A Social Networking Strategy

> Peck sees the company generating $139.7 million in revenue this year, $357.6 million in 2008…and $6 billion in 2016, with $2.3 billion in EBITDA. He concludes that Facebook is worth “as much as $5-$6 billion.”

How reliable is a 9-year forecast on a social networking site? With this kind of calculation, Friendster should be making $20B in 2016! Oh wait...