Take Facebook for instance. Their upcoming IPO on Nasdaq which is expected to be priced at between $28 and $35 USD, values Facebook in the $85B range. Of course with Mark's multiple voting shares (10 votes per share), he will still control something in the area of 57% of the voting rights after the IPO. Raise $13B and keep control...that never happened in my entrepreneurial world! And the point of comparison to the Royal Bank of Canada is that at this price, they are worth approximately the same. And Facebook is only just closing in on 1B users today, where there are 2B Internet users worldwide that they aim to capture.
Then there is RIM. In 2008 at a stock price of $150, they were worth as much as the Royal Bank is today. At a price of approximately $12 at yesterday's close which represents a 15% decline since Tuesday, they are now worth $6.3B...and that is following major BlackBerry 10 prototypes that were released to developers and product announcements that were made at BlackBerry World in Orlando this week. And even more disappointing to stakeholders, only 11M BlackBerry's were shipped last Quarter ending March 29th. Apple shipped 15M iPad3's the first weekend they went on sale, and Samsung has just taken over Nokia's spot as the number one mobile phone supplier in the world.
Tough business which takes no prisoners and punishes those who make assumptions about being on top and staying there - regardless of competition, consumer behavior and the democratization of the web, and technology's relentless march forward!