Why Facebook is worth $50 Billion #socialmedia

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I'm not surprised. So many, us included, works on top of Facebook. Facebook is the internet of the decade. We just have to accomodate to them.

A post from Smedio | The New Media and Social Web Guide for Business and Marketers by Douglas Idugboe has the whole story. Here is a part:

The verdict on Facebook’s valuation is finally out and I’m not surprised that the world’s most popular social network commands a mind bogging and whopping worth of $50 Billion Dollars! To be valued at more than Yahoo, eBay and Time Warner is a monster achievement and a massive moral victory for the social media brigade.
Last month, Facebook recently overtook Google as the most visited website in 2010. It’s well known that Google, Microsoft, Yahoo and several other tech heavyweights have time and again spilled their secret desires to acquire Facebook but Zuckerberg and company haven’t obliged.
Is it a fair valuation?
While I’m no expert on industry valuations, I can safely bet that there are fewer better names than Goldman Sachs to determine a company’s true net worth. In a move that augurs well for the overall future of social media, the Wall Street uber-bank Goldman Sachs, just pumped another $450 million in venture capital into Facebook. Apart from GS, a Russian investor is also involved in the latest round of Facebook VC funding.
I, for one, believe that Facebook is worth every cent of its valuation. To reach the coveted 50 million user mark, radio took 38 years, TV took 13 years, the web took 4 years and Facebook and Twitter have managed to do it in less than 6 months. If that doesn’t excite any VCs, nothing else can.
Facebook is already well ahead of several biggies such as Google and Yahoo when it comes to time spent on the web. Further, Facebook users are more loyal as compared to any other social network and nearly half of them login at least once every day.

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