Mark Zuckerberg is now worth more than Warren Buffett

[5burowz]

The world is all kinds of upside down and inside out. Facebook makes money on ads and of course at this point they basically have a monopoly of social media. Warren Buffett on the other hand is one of the savviest investors of all-time. Maybe he shouldn't have given that $20 billion to Gates several years back. I just find humor in the fact that Zuckerberg has basically conned his way into becoming the so-called world's 3rd richest man. All because human beings are ****** basically, or, "dumb ***s" as he likes to call them. I don't know how sustainable Facebook's business model is and the other sites that they control because without ad revenue, they are basically finished. They really aren't making significant income in other ways. It's like if Apple had to be dependent on their music business to sustain them--they wouldn't be able to do it because it is only 1% of their profits.

[siablo14]

The world is all kinds of upside down and inside out. Facebook makes money on ads and of course at this point they basically have a monopoly of social media. Warren Buffett on the other hand is one of the savviest investors of all-time. Maybe he shouldn't have given that $20 billion to Gates several years back. I just find humor in the fact that Zuckerberg has basically conned his way into becoming the so-called world's 3rd richest man. All because human beings are ****** basically, or, "dumb ***s" as he likes to call them. I don't know how sustainable Facebook's business model is and the other sites that they control because without ad revenue, they are basically finished. They really aren't making significant income in other ways. It's like if Apple had to be dependent on their music business to sustain them--they wouldn't be able to do it because it is only 1% of their profits.

It's all in the stock value. Stocks go up and down. People say Tech stocks are way over-valued now. So, go figure.

[The Big Dunn]

I'm still worth less than both.

[Eddy Current]

Zuckerberg had a lot of luck on his side. I'm team Winklevoss.

[5burowz]

It's all in the stock value. Stocks go up and down. People say Tech stocks are way over-valued now. So, go figure.

Amazon is overvalued by quite a bit, but, their business model is WAY different than Facebook's. Amazon is a legit company with monopolistic tendencies. It is the kind of company that has never really been seen before. I just don't think much of FB as a company although I recognize the behemoth they are and how they have managed to control and dominate social media. It is kind of humorous though that the whole Cambridge Analytica scandal just made the company stronger.

[PACnPBFsuck]

They might have credit in the market, but I got street cred.

[Beercules]

I'm worth more than both.

[MDPopescu]

It's all in the stock value. Stocks go up and down. People say Tech stocks are way over-valued now. So, go figure.

... yes, so it goes... as if Warren Buffett's worth isn't in stock value also...

[siablo14]

... yes, so it goes... as if Warren Buffett's worth isn't in stock value also...

Yeah man but Tech stocks are more over-valued than Berkshire Hathway.

[MDPopescu]

Yeah man but Tech stocks are more over-valued than Berkshire Hathway.

... I know, man: Buffet is one of the few old school investors left... Zuckerberg isn't an investor, he never aimed high... it simply happened... and his "idea" can't even be replicated...