Facebook.com turns down $750M offer...waiting for $2B

[Matt]

http://www.businessweek.com/technolo...327_215976.htm

Facebook, the Web site where students around the world socialize and swap information, has put itself on the block, BusinessWeek Online has learned. The owners of the privately held company have turned down a $750 million offer and hope to fetch as much as $2 billion in a sale, senior industry executives familiar with the matter say.

That may sound like a huge amount of money, especially when you consider that the company was launched just two years ago by a group of sophomores at Harvard University, led by Mark Zuckerberg (see BW Online, "Under 30, On the Cutting Edge"). But already, www.facebook.com has become the seventh-most heavily trafficked site on the Internet, according to market researcher comScore Media Metrix. It racked up 5.5 billion page views during the month of February, the latest month for which complete data are available. That's more page views than the Web sites of Amazon.com (AMZN), Ask.com, or Walt Disney (DIS).

it may sound greedy and foolish, but DAMN that's a lot of traffic....

[H1Man]

Do they really expect to get $2 Billion?

Especially considering the fact that a more popular site (MySpace) was sold for just $580 Million last summer.

[MOLA1]

Get to work Matt. Get us some traffic.

[Matt]

Get to work Matt. Get us some traffic.

*starts hacking facebook.com*




actually, if anyone's into facebook, putting up some links to WTFD would actually be pretty cool

[BigggChris04]

Get to work Matt. Get us some traffic.

*starts hacking facebook.com*




actually, if anyone's into facebook, putting up some links to WTFD would actually be pretty cool

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Already done
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Had that shit up there since the beginning
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Facebooks the shit

[MOLA1]

BigggChris is correct. He's been a good advertiser for a while now.

That's crazy!

[Fool]

I had never heard of Facebook until this thread.

[BigggChris04]

BigggChris is correct. He's been a good advertiser for a while now.

That's crazy!

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*starts to feel less mad towards the mods *
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Im not FALLIN for that shit, I still hate yall

[Glenn]

That's crazy!