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Facebook for $2 Billion?
Rafat Ali follows up: The non-story about college social networking site Facebook's being on the block, which it has been for a while and everyone, including Viacom, has looked at it multiple times, parsed the valuation and options, and still could not think of a logical business reason for ponying up that kind of money. So does Valleywag: BusinessWeek writer Steve Rosenbush is the latest sipper of the Facebook Kool-Aid, putting a positive spin on its "sell for $2 billion" plan in his latest article. (Tuesday morning drinking game: take a shot every time he follows a doubt with a "but" -- as in, "Facebook doesn't match the scale of MySpace, but...") My sources tell me that the latest round of financing was closed on a valuation of $2 Billion -- so that's where the number comes from. 2
Comments:
Scott Kidder said... You know, I would think that Connected Ventures is significantly more profitable than Facebook... 7:05 PM Brian Balfour said... While I definitely don't think the site is worth $2 billion, I wouldn't be surprised to see some stupid media company buy it for around $1.5. I wrote a little more about it on my blog as well. 8:19 PM Post a Comment |
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![]() Hi, I'm Zach. I grew up in Fort Wayne, Indiana and graduated from Wake Forest. After college, I moved to Manhattan to get serious about a company I ran with friends. We sold it to Barry Diller's InterActiveCorp in 2006. I just wrapped up with a project I co-founded called Vimeo and left CV to focus on being a twenty-five year old. I have another blog called Copy and Taste, where I post about learning to cook. I live in Brooklyn now. Del.icio.us My Flickr Me on Flickr Last.fm Linked in MySpace Netflix History Vimeo Amir Blumenfeld Chris Bodenner Mareen Fischinger Fort Wayne Observed Nick Gray Hype Machine Jake and Amir Jakob Lodwick Oh My Rockness Jonathan Marcus Youngna Park Megan Scheminske Eliot Shepard Shorpy Signal vs. Noise Alex Soth Stereogum Ricky Van Veen Khoi Vinh Eugene Wyatt Postal Skype SMS (via AIM) |