Facebook to be 'biggest bank' by 2015

[DaveM]

The explosion of social networking commerce will lead to the unlikely candidate of Facebook becoming the world’s biggest bank by the middle of the decade, according to a technology observer and entrepreneur.

People who don’t have a Facebook account should get one or risk having a financial profile created for them says founder and president of Metal International, Ken Rutkowski.

“My Facebook rank is number 29 of all the users and I have raised $100 million in funding for a few different companies,†Rutkowski said.

“Old school media companies have a market capitalisation of $US241.7 billion but the new school media companies are worth $319.7 billion,†he said.

Facebook to be 'biggest bank' by 2015

 

[CarlS]

Very interesting. I am not concerned about my financial profile - or lack thereof!

 

[DaveM]

What I find amazing is that a company producing a game for Facebook can make so much money in such a short period of time

 

[CarlS]

Dave, create a game and get rich!

 

[otherwise]

I have no idea what that post is about.
Social networking = kids being unwise.
Banks = deposit or borrow money.
I can't see a link.

 

[DaveM]

I have no idea what that post is about.
Social networking = kids being unwise.
Banks = deposit or borrow money.
I can't see a link.

The link is right in the post like this Facebook to be 'biggest bank' by 2015

Dave, create a game and get rich!

Carl it just shows what opportunities are out there if you have the skills to grab them

 

[CarlS]

Absolutely. You are spot on.

 

[DaveM]

I need to get re-skilled

 

[CarlS]

You and I both!

 

[otherwise]

The link is right in the post like this Facebook to be 'biggest bank' by 2015

Sorry about that Dave, I usually only click onto links if it is to do with motorcycles or the titty sisters. :y11:

 

[DaveM]

No problem