Needle in a haystack: efficient storage of billions of photos
Posted by abhi@reddit | programming | View on Reddit | 6 comments
Posted by abhi@reddit | programming | View on Reddit | 6 comments
lake-of-fire@reddit
It's amazing all the effort that goes into running a company that has never been profitable.
haiduz@reddit
At any point the poeple in charge of facebook (the ones that should care about profits) could turn over facebook of any porporate entity that should gladly pay each one of them hundreds of millions of dollars for the information and the communication instrastucture they set up. At any point the founders could quit and become millionares beyond their wildest dream if they gave up the controll of the website. I dont think facebook cares about being profitable in the shortterm since they can cash out any time.
deleted_by_reddit@reddit
isn't zuckerberg already filthy rich?
BristolPalin@reddit
Yes, billions of theoretical dollars.
Nick4753@reddit
right... Facebook has a 'we are worth a TON of money' syndrome. MSFT purchased 1.6% of the company for $240 million dollars. It was preferred shares, so there was a lot of power behind the purchase, but that still valued Facebook at 15 billion dollars, making each user (at the time) worth a few hundred dollars (which is bullshit)
When Twitter was offered some cash and a 'huge' stake in Facebook they said 'no thanks, we just want cash' and when that didn't worth they went along their way. Why? Because they aren't idiots and realized the 'stake' in Facebook they were being offered wasn't worth what Facebook was saying it was worth.
midnitetuna@reddit
Almost 100x growth after 15 years. Not bad.