With 2010 revenue of about $240 million LinkedIn’s IPO $9.1 billion foreshadows an unbelievable value for Facebook when it has an IPO. Particularly since Facebook had 2010 revenue of about $2 billion, and that Hitwise most recent report of the Top Ten Social Networking Sites listed Facebook #1 with a whopping 64.22% and LinkedIn was merely #9 with 0.41%. It doesn’t take rocket science to see that Facebook’s IPO will be astronomical! Bloomberg reports that the Facebook IPO is still on track for April 2012.
These numbers make me dizzy and remind me of the Internet (doc.com) bubble of the late 1990s…what do you think?