Facebook is sitting on a massive $3.5bn in cash according to a well-placed mole's leaked figures, revealing that the social networking giant is earning considerably more money than first believed.… Read the whole story
I really hope it doesn't give anyone a boner. However, it is interesting how much money they make simply by allowing us to talk to each other.
Fat cat corporation amasses billions by preying on the abject stupidity, banality, low self esteem, vanity and neediness of the plebs, while 99% of the world lives below the poverty line - tell me something new? It shows that we live in a world owned and run by a minority for a minority, but I knew that as well. So....
its not really 'preying' on them if it's not taking anything from them. facebook is a free tool and people use it willingly.
But... But caravel! Facebook is developed 100% with open source tools! Doesn't that mean you should be praising them left and right? :O
How does Facebook monetize people who talk to each other? I don't use the service but was under the impression there was no advertising backing the service.
There's are worse things to rail about than the human race's need for a sense of belonging. In a world where designer firewood has a place, you may as well accept the inevitable.