Facebook worth more than Portugal? Hell, it's worth a LOT more than THAT
Worstall on WednesdayAs an esteemed editor said, one not a million miles away from here, the fact that Facebook has commissioned a report showing what vast amounts of wonderful, beneficial economic activity it is responsible for indicates that the company in fact contributes nothing. Stands to reason, that does. And even once one allows for a certain cynicism on the part of the said editor it is actually true that this report is a great big pile of steaming effluent, one to rival the worst morning-after-an-overly-brisant-curry outrage.