This is really depressing for me to know. In the IT news Microsoft is to pay $240m for a 1.6 per cent stake in Facebook. The deal values the social networking site at $15bn. Microsoft will act as the exclusive third-party advertising platform for Facebook with the companies splitting the revenue generated. Prior to the deal Microsoft sold banner ads for the website in the US but this is to be extended internationally until 2011. All best wishes to Facebook creators and users, but for me this is really frustrating to see that the value of facebook is more than the total GDP of my country which stands for $ 11.3 bn. I know that this country is a small market and resource-scarce and dependent on foreign aid and remittance, but to consider facebook as having more monetary value than the combined activities of more than 5 million Jordanians and foreigners investing and working in Jordan is really bad for my national pride. I do not know how good I will turn out to be in the morning when I take the pill of being informed that Jordan is ranked 9th in the Foreign Policy Globalization Index.
Monday, November 19, 2007
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On November, 23, 2007 5:45 AM , Irked
from United States
said:
from United States
said:The idea of comparing the market capitalization (i.e. implied value) of a company to the GDP of a country is absurd. General Electric has a market value of $350bn, which is higher than the GDP of Sweden. So what? I really don't understand your point.
On November, 03, 2008 9:14 AM , Bob
from Canada
said:
from Canada
said:I totally agree with you Irked.
The writer is just being unreal and negative!
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from Jordan
lol, how ironic it can be?!!
Does it show how big is the facebook? or how small is our GDP?