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Facebook said "Screw You" to a 1 billion dollar bid from Yahoo. From there it passed MySpace in functionality and has become a darling to all the users as well as the investors. The creator of Facebook has reportedly is to now be worth 1.5 billion dollars. Now the investors are hungry for some Facebook action, with Microsoft and Google in talks to purchase a large chunk of the company. Google which owns Orkut, is looking to get 5-10% of Facebook for 1.5 billion dollar, trying to make Facebook's value be somewhere around the lines of 15 billion dollars.
I know, I can hardly believe it myself, who comes up with these numbers? Do they pull them out of a hat or a just throw darts at a board? I can hardly believe that HickSpace is worth as much as it is, but Facebook being worth 15 billion dollars? C'mon… let's not kid ourselves here.
Posted by TheLintTrap at October 24, 2007 04:00 PM