27 February, 2007

Facebook - should it exit or not?

Great article on Facebook at CNN, discussing when Facebook should sell. (It has spurned a $1billion offer from Yahoo! already. Its ticket price is apparently well over that now.I mentioned previously that a rumoured price of $2b was greedy. Or should it - shock novelty factor - IPO?)

Myspace sold to News Corp for $580 million. Marc Andreessen, who founded Netscape Communications comments, "Had MySpace remained independent, it would probably be worth $5 billion now".

The story contrasts with Friendster, who turned down $30 million in Google stock in 2003 (now worth $1billion today).

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