Bono set to become Dollar Billionaire

[Rowdon]

Never owned one of his records, never seen him live, never wanted to do either. Whatever it is he had or has, it is/was completely lost on me.

Never owned a record. Saw him once live because it was free, and I wanted to see a phenomenon. What he had/has is mass appeal. It is lost on me, too, as is Madonna's, but it is there. Apparently.

[Edward G]

That's the problem with you, Bats.
You won't get to the point.

These days they are crap .... and Bono is a pretentious twat.

[Moor Larkin]

Perhaps I should not have mentioned Bono as he was an example. I really mean about the money he is getting and should have mentioned Facebook instead.

Facebook money where is it coming from? It does not make anything,all it amounts to is pages on a server,probably completely managed by a couple of hundred people?
These billions of dollars must ultimately be coming out of ordinary people's accounts and pension funds, and going to a few people who dont make anything or provide anything useful?

Facebook's projected value purely relies on the assumed revenues accruing from advertisers paying to hawk their goods in there, in very subtle ways. Some seem to think that as soon as it becomes industrialised, then facebook will collapse, just as myspace, bebo and others in the past have done. The argument that it will persist better than it's predecessors is assumed on the premise that members have spent so much time uploading pix and using it to co-ordinate their social meetings, that it has become as indispensable to youth as a mobile phone is.

The questioning of the value of Advertising has been going on since the days of witchcraft with Darrin.

[Steve Crook]

Facebook money where is it coming from? It does not make anything,all it amounts to is pages on a server,probably completely managed by a couple of hundred people?
These billions of dollars must ultimately be coming out of ordinary people's accounts and pension funds, and going to a few people who dont make anything or provide anything useful?

Facebook's money comes from advertising. Every time you say that you "Like" something corporate like Coca-Cola you'll be targeted with ads from them. Every time you include a keyword that one of the advertisers is looking for like "wedding" you'll be targeted with ads for wedding gifts

It's only when they float that the pension funds will start investing in it

Steve