Does no one else find any issue with the fact that corporations/businesses existing entirely online (intangible) are valued by the "stock market" at billions of dollars?
These entities do NOT: produce any tangible good/product, possess land or rare resources.
They exist entirely in a virtual world.
The only thing they purport to do is provide a "service" of "networking" or "sharing" of "personal events."
>Facebook (Wow I redesigned myspace/friendster)
Market Cap: $324.46 BILLION
Shares Outstanding: 2.38 BILLION
Price Per Share: $110.61
>Twitter (Wow everyone totally wants to know what I am thinking about 24/7)
Market Cap: $11.47 BILLION
Shares Outstanding: 692.40 MILLION
Price Per Share: $16.57
>Google (Wow we search the web and return similar sites)
Market Cap: $511.48BILLION
Shares Outstanding: 345.54 MILLION
Price Per Share: $743.09
>Yahoo (Wow we let you send emails or other stuff that no one cares about)
Market Cap: $34.71 BILLION
Shares Outstanding: 946.81MILLION
Price Per Share: $36.66
>>70764668
>produce any tangible good/product, possess land or rare resources
They offer services. They provide entertainment. Plain and simple. If you offer people something even if it's small, as long as they pay for it, it works and is worth money.
>tfw no milf gf
>>70764668
Facebook is a sucker's investment.
Anyone can make a clone without all FB data mining.
Twitter is another loser. Multi-billion dollar market cap and does not make a profit.
>>70764668
What is ad space?
>>70764668
those businesses require millions and millions of dollars of equipment to process daily gigawatts of electricty that has been formatted into information, and hundreds of technicians and managers to keep all this running and maintained, not to mention the people that create the information (code) that operates it.
these 'virtual' (they're not) companies are used by billions of people, providing opportunity to advertise. these advertisements cause products and services to be sold.
it's a real business.
>>70767138
>>anyone can
no, they can't, because people use facebook. not the clone. what do they use? facebook. they will never switch. their friends use it. their family uses it. their children will use it.
twitter is lol in the fucking red though until memes and butthurt become currency.
>>70765965
>paying for facebook, twitter, google and facebook
These valuations are a Jew shell game.
>>70768135
A lot of people pay for fb games, not to mention how much they get thanks to commercials. It's simple economics, nothing to do with juden.
>>70768352
That's true, but they do rely a lot on goodwill and shifty valuations when it comes to their finances; their net worth is a lot of hot air. I wouldn't be surprised to see a lot of these companies eat shit in the near future.
>>70768028
>they will never switch
Okay, Tom from MySpace.
>>70764668
What they really have is "data" about their "users". This potentially valuable to people providing real goods and services if they can rope in those users as customers. For some of these companies (ex. Twitter) it's not clear how to translate that "marketing data" into money so the current market valuations are speculative.
For others, they've established themselves and have well understood business models. Google, for example, makes almost 90% of it's revenue in advertising.
>>70768028
>until memes and butthurt become currency
(Insert joke about Catholic Church)
OP you didn't really make this thread thinking none of these multibillion dollar public companies had any physical assets did you
>>70767526
>What is ad space?
Exactly. The internet is mostly funded by ads for producers of goods and services.
The internet is popular because it's cost effectiveness is both scalable and variable. Everyone from a local 1 man company to the largest produces of goods can successfully access internet advertising.
