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The Battle Of The Two Internet Giants Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL)

97

Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL), both have had their share of ruling the market at one point or another. Both are internet giants looking to cater to user needs in the most effective and innovative manner. But in this time of strict competition, it’s hard to determine which company of the two is more valuable and then what parameters are to be used to determine value and success. Officials of both companies give statements time to time about where the company stands. The recent of most was by Peter Thiel, a Facebook (NASDAQ:FB) board member. He spoke about what makes Facebook (NASDAQ:FB) different from Google (NASDAQ:GOOGL).

According to Peter Thiel, Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) work in different ways. Google (NASDAQ:GOOGL) works on collecting data and organizing it into information. Whereas, Facebook (NASDAQ:FB) gets information of all the existing humans in the world. He further emphasized that Google (NASDAQ:GOOGL) thinks information is important and Facebook (NASDAQ:FB) thinks people are. That’s what makes Facebook (NASDAQ:FB) the more valuable firm of the two. He hasn’t made a firm statement, it’s more like throwing the idea out in the public. That in the long run, Facebook (NASDAQ:FB) will be the in a much stronger position that Google (NASDAQ:GOOGL).

Even though this is a marco view but sometimes that all that is needed to build up a conclusion. But looking into this statement what exactly does Thiel mean. If we look at the approach Facebook (NASDAQ:FB) is taking to build up its business, it’s through acquiring WhatsApp, Instagram, Facebook (NASDAQ:FB) Search and Facebook (NASDAQ:FB) Messenger. Each component will bring billions of users within the next five years.

From a general perception when a company has billions of users it is considered profitable. Similar is the case with Facebook (NASDAQ:FB). With five difference business lines, they are expecting billions to sign up hence translating these numbers into healthy revenue figures. Another venture of Facebook (NASDAQ:FB) is Oculus Rift. Which at this stage is neither popular nor known of besides the name. But Facebook (NASDAQ:FB) sees it as a revenue generator of $2 billion within the next ten years.

Let’s now look at Google (NASDAQ:GOOGL)’s business plan for the next couple of years. Google (NASDAQ:GOOGL) has a much different approach for attaining revenues. Instead of just piling up on number of users, it’s looking into completely new and innovative ventures. Which include robotics, anti-aging companies, self-driving cars and nanoparticles to cure cancer and so forth. These are ventures that might seem more abstract and less human but in the long run could be giving people more than Facebook (NASDAQ:FB) could ever dream of. If and only if it is successful in these spheres. But according to Thiel’s theory Google (NASDAQ:GOOGL) can never reach up to the level of Facebook (NASDAQ:FB) or could be as valuable as it.

It could just be a matter of opinion but in the long run it will be revealed that who stands where and who is more valuable to the consumers.

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