Beancounters over at Wedbush Securities estimate that Facebook will have a market value of about $234 billion by 2015. The social networking giant is currently valued at $85 billion.

Analyst Lou Kerner announced the estimate last week and he expects to company to post about $11 billion in profits with a 50 percent margin. In his previous prediction a year ago, Kerner said that Facebook would be worth $100 billion by 2015.

For comparison, Microsoft is currently valued at $213 billion and we are talking about a company that actually makes things, whereas Facebook’s sole purpose is to waste people’s time in the workplace.

More here.