NEW YORK ( TheStreet) -- Facebook has raised $500 million from Goldman Sachs ( GS) and a Russian investor valuing the social-media giant at $50 billion, according to The New York Times' DealBook blog.But is Facebook really worth more than 91% of publicly-traded U.S. companies? Or more specifically, is 24-hour access to Mafia Wars worth more than international travel, clean drinking water and cancer treatments?
|Mark Zuckerberg, age 26, is at the helm of a $50 billion social-media bohemoth.|
10. Southern Company (SO): $32.06 BillionSouthern Company provides 4.4 million Americans with electricity -- the company employs more than 25,000 people.
9. Deere (DE): $35.11 BillionJohn Deere is the world's leading manufacturer of farm equipment -- the company employs more than 50,000 people.
8. Colgate Palmolive (CL): $38.79 BillionColgate Palmolive is a leading provider of personal, oral and home-care products. The company employs more than 35,000 people.
7. UnitedHealthcare (UNH): $39.72 BillionUnitedHealthcare provides approximately 25 million Americans with access to healthcare services -- the company employs approximately 80,000 people.
6. Target (TGT): $42.58 BillionTarget is one of the largest retailers in the United States -- the company employs more than 350,000 people.
5. Emerson Electric (EMR): $43.03 BillionEmerson Electric develops myriad technologies for heating, cooling, food storage and numerous other industries. The company employs more than 125,000 people.
4. Bristol-Myers Squibb (BMY): $45.33 BillionBristol-Meyers Squibb develops medications and treatments to combat cancer, HIV and other serious diseases. The company employs more than 20,000 people.
3. DuPont (DD): $45.53 BillionDuPont produces a diverse portfolio of chemical products, ranging from Teflon to wastewater treatments. The company employs more than 50,000 people.
2. Union Pacific (UNP): $45.7 BillionUnion Pacific provides railroad services through 23 states, linking together every major West Coast and Gulf Coast Port. The company employs more than 40,000 people.
1. Boeing (BA): $47.87 BillionBoeing is the world's leading manufacturer of commercial jetliners, one of the largest exporters in the U.S. and an employer of more than 150,000 people.
News of a Facebook IPO is likely to bubble-over in the following months, and no doubt, a troop of twenty-something analysts will grease the hype-machine proclaiming the "next evolution in business." And maybe America's love of Facebook is no more objectionable than our love and/or dependence on products from Google ( GOOG), Apple ( AAPL) and Microsoft ( MSFT). But if Facebook -- a company with approximately 2,000 employees -- is a paradigm for the "new American company," America's economic woes might just be beginning. -- Written by John DeFeo in New York City Follow @johndefeo