Facebook Ready To Seal The Deal -- But For Only $1 Billion

from the maybe-they-really-are-slackers dept

What happened, Facebook? Just a few months ago, you were following the Skype inflated buyout plan to order, setting yourself up with a $2 billion price tag. Now comes word that you're ready to sell out to Yahoo, but only for $1 billion. Come on, guys, you're leaving that other billion on the proverbial table! Never mind that you're only pulling in $100 million in advertising as you struggle to figure out how to monetize your traffic, or that you beautifully illustrated the fickleness of social-networking site users at the beginning of the month, when you pissed off a good chunk of your users by broadcasting all their activity on the site -- don't sell yourself short. After all, you've got a hastily arranged ad deal with Microsoft to pump you up, even if it's worth less than a quarter of what MySpace got from Google. Or is this all just a part of the game, designed to kick off a frenetic bidding war, or to create buzz for an IPO? After all, the WSJ says you're considering "following the example of Google... [which] became a publicly traded juggernaut with a market capitalization of $120 billion." Of course, Google actually did figure out how to monetize its traffic pretty well, but who's counting?
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  1. identicon
    Elldin, 21 Sep 2006 @ 1:22pm

    Re: We do use it... you just don't

    Sohrab, I am a college kid, I have recently moved about 400 miles away, and out of state. Facebook is a great way for me to see what my friends are doing through the picture features, as well as message my close friends I knew for almost 13 years. I think big companies do infact care about what we think. Facebook had a security issue a couple of weeks ago, facebookies banned together and told facebook we didn't like the new feature. 4 days later, it was taken off.

    Sohrab, I hate to tell you, but our lives are as fast as ever, we are using things like this, because we live in a fast paced world we don't have time to drive home and go to that college party with our friends. Facebook has created a SAFE, place for college kids to connect and know whats going on in our friends lives.

    Remember the stories your parents had about how they wished they always stayed in touch with that highschool sweetheart, or that best friend. Facebook and cell phones make that possible.

    Its worth every penny, and is the safe way to connect with friends. You don't understand, because you don't know. You don't use it. I do. And my friends do.

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