Facebook Valued At “One Million Trillion Dollars”
Wednesday, January 5th, 2011Just hours after Goldman Sachs’ highly-publicized $450 million investment in Facebook, investment firm and credit rating agency Booty’s released a brief valuing the ubiquitous social network at “one million trillion dollars,” nearly 67 thousand times the current GDP of the United States. Juergen Riesling, chief analyst for Booty’s, justified the valuation based on Facebook’s recent usurping of Google and the 405 freeway in Los Angeles as the most trafficked site in the world. “To be perfectly honest, we just threw that number out there to see if people would buy it,” said Riesling about the valuation. “It was a bet between me and Clyde, and he won. So if you’re the proud owner of any of those privately traded shares, um, now might be a good time to think about shorting them. Or not, if you don’t mind taking a rather expensive bubble bath. I’m off to buy the first of twelve lunches for Clyde.”