Facebook will prove its worth

May 2012
Evening Standard;5/23/2012, p51
BY metrics like price/earnings ratios, Facebook, Twitter, Pinterest and all the rest are ridiculously over-valued. But these are no ordinary times. The mobile phone industry expects 99 per cent of humans to have a phone by the end of the decade, and most of them will be smart phones as older models roll over to new technology. Companies like Facebook hope to become global infrastructure monopolies, a single service providing all things to all people, a walled garden with everybody inside.


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