Monthly Archives: February 2011

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I just started a tumblr account. As I test it out I may push more and more content there. It seems that tumblr has a crazy growth rate, and really provides some advantages for sharing ideas. Maybe wordpress just is not social enough to keep up.

If you have a tumblr account let me know, my tumblr account is

Facebook as a Bank?

The Yuri Milner Connect: How Facebook will become a bank

This is a little bit of a leading argument but it seems to sum up external arguments.

I still have yet to rediscover where I saw that Facebook was filing to be a bank.
$2billion in cash can lend out $18billion in value.
@ 5% interest that’s $900 million a year in profit.
@ 10% that’s $1.8billion a year.
& that’s just on interest.

Facebook makes transactional profits too, so on $18billion in credits, I bet you could see $100 billion in transactions if they one day allowed peer to peer.

Visa has about $2-3billion a quarter in revenue via their transaction fees.