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 $120 billion." Of course, Google actually did figure out how to monetize its traffic pretty well, but who's counting?Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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face book rules, who are you kidding?
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Re: face book rules, who are you kidding?
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How many billions can you make with a few servers
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ah, how we never learn from history
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this is the classic deal with the devil of start-ups and venture capital. self-funded with a realisitic scope, this could be a very successful business for a small group of people. as a VC funded company with delusions of grandeur it is destined to fail.
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Money
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Being a college student, I dont think big companies understand how much we dont give a f$@* about facebook or myspace. its just a Fad. The minute our lives pickup, we will move right along and all we do on those sites is post stupid stuff. Nobody will actually care about their adds or click on them.
$1 Billion!?!....jesus
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Re: We do use it... you just don't
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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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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The choices are huge. Secondly, I dont care how much you use it, this is business, not your best friend. Companies want to make money, not tickle you. Facebook is a company that dosent bring in real profit. Not the level somebody would be willing to pay for it and like anything else, its a fad. We all went along just fine without Facebook and many colleges still dont have Facebook.
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I'd say 80% or more. So what if there out to make money? Big deal, its worth something. Hell, if there asking a billion dollars, you know it has to be worth more then a couple million. Hilarious, you have no concept of what college people want, we like simple easy to use things. It comes down to this, if we like it, we are gonna use it. And, I can bet good money that facebook will be around for a very long time. Regardless of who owns it, we don't care. We are just there to use it.
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