Several media report that the Facebook buyout of Instagram implies a value of $104 billion for the social network about a month before its IPO. Many analysts have set the value that high. The news may help offset concerns that Facebook’s revenue is still very modest.
Source: courtesy Facebook Inc.
Skepticism has also arisen about the lack of sales that Facebook gets from its mobile application, and potential competition for Google’s (NASDAQ: GOOG) Google+ product. To counter that, Facebook value advocates say the company controls over a quarter of all US display ad inventory. The amount of time people spend on Facebook also tops any other major site, according to several measurements of online behavior.
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