Monday, September 24, 2007

Facebook worth $10 billion?

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.

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Anonymous said...

Wouldn't it be great to be in his position right now? He's playing it well.

Anonymous 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 ;-)