They can do whatever they have the internal capacity to decide to do.

They're richer than Facebook, sure. But at many non-tech companies, spending tens or hundreds of millions of dollars to build a solid library is simply not in the cards. (Why should we spend so much on engineers? All they're doing is slapping together some HTML, my nephew in high school does that!)

Surely WF's needs with YUI-fork (or any other similar library) will be limited enough that they'll need to hire just one or two developers. I don't see how they'll need to spend hundreds (or even tens) of millions of dollars to build a solid library. I don't think even Yahoo has spent that much on YUI in total.

Hah, it's funny that the place that handles your money is only worth 30% more than the place you chat with your friends.

To be fair, Facebook and other recent social IPOs are grossly overvalued.

Plus their "market"-share is significantly higher than Wells Fargo's.

To be fair, banks may also be grossly overvalued. Their market valuations are entirely dependent on large government bailouts (although Wells Fargo was certainly in good shape relative to their peers in 08.)

> Their market valuations are entirely dependent on large government bailouts

Hasn't been the case for years (and I'm pretty sure it was never the case actually). They are valued by their assets (funds in accounts, real estate holdings, equity in companies/investments, etc). Facebook's valuation appears to be based on nothing but magic.

> To be fair, banks may also be grossly overvalued.

In other words, such valuation of a big corporation has little to do with the direct utility to, or meaning for a single individual.

It's like a red blood-cell wondering why the eye is so highly valued compared to the liver.

> although Wells Fargo was certainly in good shape relative to their peers in 08

And this is the most ridiculous thing in those bailouts. You manage responsibly and competently and, in return, you get government funded competition.

There should be a better way.

Which, as always, is a completely meaningless claim.

Good. They should be handling my money, not skimming it.

> correct, Wells Fargo's market cap is 267 billion, 30% bigger than Facebook.

When did Facebook become the benchmark? Facebook is tiny compared to an awful lot of companies.