| View previous topic :: View next topic |
| Author |
Message |
everydavid
Joined: 26 Aug 2004
Location: dans la lune
|
 Posted: Thu Oct 25, 2007 3:18 am Post subject: Facebook worth 15Billion dollars |
 |
|
Just heard that Microsoft bought 2% of Facebook for (240million$) so that they can secure advertising. So far Facebook has 50million members.
OMG!!
http://www.cbc.ca/technology/story/2007/10/24/tech-facebook-microsoft.html
| Quote: |
Rapidly rising internet star Facebook Inc. has sold a 1.6-per-cent stake to Microsoft Corp. for $240 million U.S., spurning a competing offer from online search leader Google Inc.
The deal announced Wednesday after several weeks of negotiation values Palo Alto, Calif.-based Facebook at $15 billion US � less than four years after Mark Zuckerberg started the online social networking site in his Harvard University dorm room.
Facebook mastermind Mark Zuckerberg, who spurned a $1 billion U.S. takeover offer from Yahoo last year, is now running a company with a valuation of $15 billion U.S., thanks to an investment by Microsoft Corp.
(Associated Press/Paul Sakuma) Microsoft also will sell internet ads for Facebook as the site expands outside the United States, broadening an existing marketing relationship that began last year.
Besides validating Zuckerberg's decision to rebuff a $1-billion takeover offer from Yahoo Inc. last year, Microsoft's money should be more than enough to pay for Facebook's ambitious expansion plans until the privately held company goes public.
Zuckerberg, 23, has indicated he would like to hold off on an initial public offering for at least two more years. In the meantime, Facebook hopes to become an advertising magnet by substantially increasing its current audience of nearly 50 million active users.
The Facebook investment represents a coup for Microsoft because it provides the world's largest software maker with a toehold on one of the internet's hottest platforms and a potentially lucrative forum for selling online ads.
|
Last edited by everydavid on Thu Oct 25, 2007 3:59 am; edited 1 time in total |
|
| Back to top |
|
 |
mehmeh
Joined: 23 May 2007
Location: South, South Korea
|
| Posted: Thu Oct 25, 2007 3:30 am Post subject: |
|
|
| They paid $300 for my account...wow. What a bunch of dumba$$es. Aren't all these social network sites essentially zero-profit opperations? |
|
| Back to top |
|
|
zeppelin
Joined: 08 Jan 2005
|
| Posted: Thu Oct 25, 2007 3:43 am Post subject: |
|
|
Not for profit? Don't be so Na�ve! Think about all the information you give them. Age, martital status what you like, who you know, which countries you've been to.
What do you think they do with all of this information? |
|
| Back to top |
|
|
mehmeh
Joined: 23 May 2007
Location: South, South Korea
|
| Posted: Thu Oct 25, 2007 4:20 am Post subject: |
|
|
I don't think it's na�ve, I'm pretty sure it's fact...there are no serious profits coming in from these sites.
Sure, all that information is invaluable to advertising companies but no one has found a way to get the products to the people. Look at Facebook, where is the money making going on? Google can use your search query to push certain ads up...Facebook doesn't have the same interface.
The head of Facebook literally sat in his office, thought hmmmmm...15billon sounds about the right price for my website and Microsoft bought in. Look at Murdoch, he still hasn't gotten his money out of myspace. |
|
| Back to top |
|
|
RACETRAITOR
Joined: 24 Oct 2005
Location: Seoul, South Korea
|
| Posted: Thu Oct 25, 2007 4:28 am Post subject: |
|
|
| Yet like MySpace, it's not going to be worth that much forever. At some point it'll depreciate overnight. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
