This quarter at Stanford I am taking this cool class called "Developing Applications for Facebook". When I first found out about it, I was amazed. Stanford is the first university in the world to offer class of this kind. It is offered in the Conputer Science department, but is not super technical course -> it is aimed for all: graduates, undergraduates, technical non-technical. Over the course students in a teams of 3 will have to develop 2 Facebook applications. When we have our own, I will let you guys know :) I would be happy if you used it.
Youtube was last year's hot unbelievable deal. My friend asked me "what's next". I replied "people say that there is something like Facebook, they denied 1B deal from Yahoo." At the time I did not believe that Facebook was hot. I had used it for about a week or so. I did not see anything cool there.
You probably heard that couple of weeks ago Microsoft was in talks of acquiring 5% of Facebook for $500 M, which gives Facebook $10B total valuation. Financial analysts would say "that is crazy, Facebook has revenues only of $150M, and profit of $30M. given that P/E is over 300. That is bubble." I think many of people in my Stanford class would say that $10B is too little. They are not finance geeks, but they definitely know what is cool.
One of our instructors wrote the
article (I recommend to read), where he explains how Facebook is a new Microsoft, a new Google, etc. Microsoft releasing visual basic enabled thousands of "Everyman Joe's" to write programs for Windows. Before that only truly truly geeks were able to write programs. That was revolution. Facebook has done similar thing on the Internet. As a result they will surpass Google and Microsoft. Do you believe that? Vote on the right :) My test is the following: if by the end of this quarter I (person who never took university level CS class) learn how to develop Facebook apps, I will be more likely to believe in those predictions...