FaceBook.Com is a social website that targets college students around the world. They are one of the big players in the social website world. With there ad sales almost at 100 million in annual sales, they are in talks with Yahoo.Com to be bought out. However, they are also in talks with Microsoft and Viacom, Inc. about getting bought out.
For all you yahoo fans(and publishers) this is great thing. Yahoo’s stocks havent been doing so great this month(fallen 11% in one day).
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One billion? I guess if that’s what Facebook is asking, but it doesn’t make sense to me. MySpace was bought for $580 million (right?) and MySpace hits a MUCH larger audience than Facebook.
yep, way over priced..
dont think they wanna sell to bad. MSN I think is also looking to buy them also…
Myspace is A LOT more targeted and has a better quality.
I dont know what the kid is thinking, but he declined a 750 million dollar offer earlier this year. Way over priced in my option. I guess the kid is 22 years old, and the other weekend when he was talking to msn about selling it, he didnt want to get up early on Saturday to talk with them, lol.
What a dumb ass. Everyone knows that these kinda websites are fads. Especially socal networks…
I can’t believe that they would turn down an offer for $1 billion. They would be crazy not to take it.
I think the above opinions are quite short sighted. ‘The Kid’ is making a fortune and just maybe he’s happy to continue growing what he started for a little longer and rake in the ‘more than enough’ pay check attached. Once he sells he’ll be a no one with lots and lots of money rather than a someone with lots of money!!
Assuming he’s just greedy and you think none of the above comments have merit then lets move onto the 1 billion price tag. What a bargain! MySpace have lost a lot of traffic to Facebook, which is definately more than a ‘fad’ just as MySpace has proved to be. These two operations will dominate the market for a long time to come and while neither will likely win out Facebook appears to be appealing to a wider audience from my experience.