Kevin Ryan, CEO of Gilt Groupe, predicts that Facebook will be a $1 trillion company. He thinks this will happen once it successfully starts monetizing its platform.
As for his company, Gilt is focused on flash sales and is competing with Amazon. While he admits that competition with the online retail giant is intimidating, he thinks his company’s focus, recently raised $138 million and $1 billion valuation will help them succeed.
Source: Business Insider
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