Comments on: Facebook exec: We're the Net's cable company

Chamath Palihapitiya tells conference-goers that Facebook is the next-generation platform that can turn any ambitious entrepreneur (with the right application) into an overnight success.

[hunter_jc]

The headline is the funniest ever haha.

[dpi5004]

Facebook scares the crap out of me. Everyone I know has one (except me). Everyone I know runs their lives through Facebook. Everyone I know gets updates on who everyone they know talks to. It's creepy. It's stalkerish. Facebook pretty much controls people. What's next? They'll control Google AND Microsoft. Then a small country. Then your nightmares.

[Understarsidream]

Facebook is beyond annoying. It's nothing but a giant waste of time.... I know people who spend hours each day updating their little "what am I doing now" message and leaving messages on each others walls. It's no wonder companies are blocking the website left and right. It's really kind of pathetic how involved this moronic website is in peoples lives.

[jeifarmer]

What universe is he living in? Check out Adonomics and you'll see that it's rare for even 1% of applications to have 100k DAU. There's some funny accounting going on there.

The 33% / $500k number is absurdly high, too. Of course, if you parse it carefully "up to $500k." Oh, ok, so there's one guy who made $500k one month and everyone else is making a few thousand, if they're super-lucky.

Blegh.

[humanssssss]

"And about 33 percent of Facebook application makers reported profits of up to $500,000 a month. Finally, at least one-quarter of the applications running on Facebook have 100,000 active daily users."

This fcker thinks people are stupid. $500,000 a month for 33 percent of Facebook application makers ... *puke*. Even the top 10 don't make that much!!! I talked to Friends For Sale guys and they told me, they don't even make close to $500,000 a month in REVENUE let alone profit. Who are these guys think they are kidding? Do they think people are STUPID? I think they do because no one dare to point out their lies. I'll be the first. I'm sure others are seeing this but don't want to voice their opinions.

I hate liars in business.

[lukens]

Ha ha ha ha ha ha. What a joke. Those figures they quote are absurdly ridiculous.

I have no idea where they got them from, but they are absolute nonsense, and not at all based on reality. The Daily Active Users figures are publicly available, and you can easily see that nowhere near 25% of apps have that many users. Also, whilst I know the Dollar isn't worth much these days, nothing like 33% of apps are making anything even resembling $500,000 a month.

I think whoever the developers who reported these figures are, they were having a laugh.

[DeyLonn]

"And about 33 percent of Facebook application makers reported profits of up to $500,000 a month. Finally, at least one-quarter of the applications running on Facebook have 100,000 active daily users."

Haha ! Please just wake up ;). Do you believe what you wrote ?
However, if you really know this generous investor ready to give 500k by month, please email me right now :P !