Facebook worth $10 billion?
Monday, September 24, 2007
Microsoft seems to think so. The Wall-Street Journal is reporting that Microsoft is negotiating for a 5% stake in the social site, and is rumored to be offering $300-$500 million for the investment. Google has also expressed interest in an investment in Facebook.
Zuckerberg looked crazy last year when he turned down a $1 billion acquisition offer from Yahoo. He's looking like a visionary genius now.
In other news, there's talk that this 'social networking' thingie might have legs...
UPDATE: TechCrunch picks up the story.
Tags:The Viral Garden, Marketing, Facebook
posted by Mack Collier @ 2:11 PM,
- At 9:11 AM, Cathy said...
Wouldn't it be great to be in his position right now? He's playing it well.
- At 4:11 PM, Valeria Maltoni said...
When I saw that I thought 'bubble'! Then I thought, well opening up to search engines and taking away privacy is worth something, just not to you ;-)