Facebook worth $8 Billion Dollars?
Sunday, December 17, 2006
Just saw this on TechCrunch, its from Bloomberg and its more speculation and rumours on the company everyone loves to bet on Facebook. There's been offers of $1 billion, people been saying $1.5 billion and more, etc but some people think its worth $8 billion. Obviously they're on some sort of crack (not serious) but here's the quote:
"Started in 2004 by Harvard University student Mark Zuckerberg, Facebook is now one of the fastest growing sites on the Web. Thiel, 39, says the site's college-aged users make it worth $8 billion or more, as much as Viacom Inc.'s MTV music video channel."
They think $8 billion is a $8 billion is a low estimate, are they nuts or is Social Networking really stepping up and becoming a legitimate form of media? Speak your thoughts.
-Steve
Posted bySteve at 12:07 AM
Labels: Business, Internet, MySpace
