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Archive for the ‘Social Networking’ Category

Microsoft wants to invest in Facebook!

Posted by Media Outrage on PM00000030000000330 20, 2007

Mark Zuckerberg

Rumors are swirling around the potential interest Microsoft has in investing in social networking site The Wall Street journal is reporting that Microsoft is prepared to invest from $300-$500million in Facebook, and the 23 year old founder Mark Zuckerberg is saying that a %5 stake in the company is worth at least $500 million placing the current total value of the company at a whopping $15billion!

Well it looks as if Facebook investor Peter Thiel knew what he was talking about when he stated that a $1billion offer for the company was laughable, and compared Facebook’s value to that of MTV (which we by the way thought he had to be on some new form of crack to make that statement, but I guess we were wrong) which is about $7 or $8 billion.

Microsoft realizes that it’s strong hold on software isn’t enough to keep up with the lightning speed evolution taking place on the internet with social networking sites such as Myspace, and YouTube.

Zuckerberg made some strong comments against Myspace saying that they sold out for too low a price at $580 million to Rupert Murdoch’s News Corp. A few months later Google scooped up YouTube for $1.65billion which made the Myspace purchase look like crack head prices.

Zuckerberg may be smart after all by playing the “I do not want to sell” card, all the while raising the value of his social networking company.


Posted in Bill Gates, Business, Facebook, Investors, Mark Zuckerberg, Microsoft, Money, Social Networking | Leave a Comment »

Facebook Investor says $1 Billion Offer Too Low!!! He compares Facebook to the value of MTV!!!

Posted by Media Outrage on PM00000050000002631 20, 2007

Mark Zuckerberg

Mark Zuckerberg was only 19 when he founded Facebook, the social networking site designed for college students. He is now 23 and has turned down a reported $1Billion offer from internet giant Yahoo!.

Early investor Peter Thiel who sits on Facebook’s board, believes that a measly $1 billion dollars for this 300-person company spread over three buildings in downtown Palo-Alto, California, is a risible sum! He compares Facebook’s current price tag to that of MTV, which he values at $7 or $8 billion!

Thiel says “Between the two I would want to own Facebook.” (Yea sure you would pal!!! That’s bull! You are an investor and you sit on the board, so what else would we expect you to say! It’s called great promotion and publicity! But you and every other wall street analyst know that’s a blatant lie!) Mark Zuckerberg and the people at Facebook are now talking about a possible IPO in 2 years that could potentially be the biggest public offering since Google.

This is very interesting being that Tom Anderson and Chris DeWolfe sold Myspace for a measly $580 million to Rupert Murdoch’s News Corp. Google picked up YouTube for $1.65 billion. We can see why Mark Zuckerberg and the gang are holding out. But the question is what makes Facebook worth $7 or $8 Billion??? We definitely don’t see how their value can measure up to that of MTV. We think Peter Thiel was definitely smoking something illegal when he made that bold unproven statement!

Posted in Business, Computers, Facebook, Investors, Mark Zuckerberg, Money, Social Networking, Wealth | 3 Comments »