Facebook Adds $2 Billion Song To Go With $2 Billion Dance
from the silent-auction dept
Facebook started down the Skhype path last week by selling BusinessWeek on the "scoop" that it was holding out to sell for $2 billion. Proving it paid for the full course on manipulating suckers, not just the abbreviated version, it's now trotted out one of its VCs for the Wall Street Journal, getting him to say it could be worth billions, emulating Skype backer Tim Draper's similar move. What exactly did the WSJ expect one of the company's investors to say? This is all going according to plan: a huge figure gets tossed out, people debate it, a VC "validates" it, reasonable people question it, then some sucker swoops in and pays because they see it as a zero-sum game and don't want to miss out. So congratulations to Facebook, not for building a business, but for successfully utilizing the Skype System For Inflating Your Purchase Price(TM).Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Facebook
I hate it. I'm on it and myspace and myspace is so much better.
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Re: Facebook
MySpace = Every lame HTML effect that every aspiring web programmer puts in their very first web page. complete with , obnoxious colors, and 'lolz!'.
Of course, I don't use MySpace or Facebook currently, but have in the past. MySpace lacks a certain characteristic that facebook has. I would call it class. MySpace users might call it 'st00pid cuz u cant put like 40 stupid picz on teh front page n look at em and stuff!'
But, to be honest. I hope facebook flops. Being a college student, I'd sell it for my tuition and beer costs. Let alone $750 million. But to ask for $2-4 billion? That's just selfish.
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Wait, wait. Isn't there a PATENT on that?
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Re:
Copyright .
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Wai
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Re: Wai
On a serious note, my first impression of facebook : A far more mature site then Myspace. It doesn't have random chunks going offline constantly, they don't have to recode the site and rebuild databases every month (or at least can do it transparently) and it focuses on content and networking, rather then seeing how many html filters you can fit on a single image.
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Re: Wai
NERD ALERT...
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I think TechDirt is worth Billions!!!!
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Re: I think TechDirt is worth Billions!!!!
Actually, TechDirt, Slashdot, Digg, etc. probably could sell for a lot of money, but "Billion" is such an astronomical sum to pay for something that "essentially" doesn't even exist in a tangible sense...
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suck, but...
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Re: suck, but...
A good idea? back in the days of i2Hub (and the horrific tragedy that accompanied it's death), there was a little site affiliated with i2Hub called connectU. Here's the story I happen to have archived from the i2hub login:
"The brief version is this: the founder of TheFacebook worked at ConnectU.com, a college-oriented social networking site, for approximately four months. Apparantly he stalled the ConnectU.com team and kept saying that he had finished aspects of the site, but just hadn't upload them yet. In a meeting on January 14, there was no mention of TheFacebook.com, a domain that was registered three days prior on January 11. The ConnectU.com team first heard of TheFacebook like everyone else by reading the school newspaper! Needless to say, the working relationship was terminated. In the same article that announced TheFacebook launch, the founder bragged about creating the site in 1 week. Interestingly, he had worked with ConnectU.com for exactly 66 days prior to the launch of his own site, and he was unable to finish their site. He left ConnectU.com crippled. ConnectU.com had been effectively stalled and their ideas had been stolen."
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Re: Re: suck, but...
Personally I don't really care for either service. I don't believe that it would be fair to compare them, as they do serve similar, yet different functions. Myspace is great for fucking around and being Like BLAH BLAH about myself, but Facebook is great for getting to actually know other peoples. Anyways, whatever.
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MySpace and Facebook have value
Whether or not the execution of Facebook or MySpace is super-excellent, they have value. People use them because the sites do something that folks want. Is FaceBook worth $2bUS? No. But it IS worth quite a bit. Good ideas like those don't come along very often, especially when they make a hit in the marketplace..
TechDirt - worth lots, too!
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This is a waste of breath, but...
Pull your heads out of the sand. Myspace IS ugly and clunky, but with the hundreds of millions of dollars it sold for, I'm pretty sure they're going to put some professional developers to work on it and maybe even bring it up to web standards. But I'm willing to bet you still won't accept it simply because the masses do. Maybe if you had more friends to keep track of than rss feeds, you'd understand.
Bu-bye!
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Re: This is a waste of breath, but...
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Re: Re: This is a waste of breath, but...
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
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Missing the point
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Facebook is an advertiser's dream
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Advertiser's dream?
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A very, very interesting article on the subject
Bubble 2.0: Facebook, MySpace, Desperate Dinosaurs, Web 2.0 buzz machines, and gazillion other startups
So a lot of discussion revolving around MySpace, Web 2.0, business models, what is hype, what is real, why the entry barriers to the social media space are very minimal, and how a popular service can quickly lose its cool... And all that...
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