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
    Chuck Norris' Enemy (deceased), 22 Sep 2006 @ 7:37am

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

    You were in college for 13 years? I think doctors do eight!

    If you think you need Facebook to "keep in touch" with your good friends, your wrong. If anyone was your good friend you would actually want to communicate with them directly. There are plenty of already existing ways to do that. ie.email, phone, etc.. All Facebook does is allow you to know what your friends are doing. They blog a little of their doings and you and everyone else can go see what they put up. In fact, Facebook is a lazy persons communications. I am your good friend but I won't bother to talk to you directly. Just look at my profile and you can see what I am doing. I feel so touched by my friends little blog, it is as if they really care that I know what they are doing. I think I'll add you as friend, you must really know me well.

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