Facebooko worth $10 billion, will make money in 2010

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A new investment in facebook by a Russian company values the site at $10 billion, $5 billion less than the MSFT valuation 2 years ago.

And its all just a load of hype anyway, because they are still yet to make any money. They say they will be cash flow positive in 2010. Sure. Great. But so far, I have little faith they will really be able to step beyond their current model and become the next great thing. Instead, I think they will become the next AOL, Yahoo, or MySpace.

http://origin.grapher.compete.com/site_media/snapshot/myspace.com+facebook.com+twitter.com_uv.png

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