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
    jon cable, 21 Sep 2006 @ 11:12am

    face book rules, who are you kidding?

    facebook rules. i use it to find out all the personal info on people i am interested in. myspace sucks. little kids can actually make private accts there. facebook lets me see all the kidz info, pics etc. it's much harder to chicken hawk and lie about my age to teenies on myspace. facebook has let me score so many times. just hoping i don't walk into one of those setup shows. but outside of that risk face book is way worth the money. to me anyway. anything that helps me score with the preteens. let me know if you got anymore sites that i can stalk on.

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