Ok - so the $15bn valuation is holding up, according to Kara Swisher. Granted, when it comes to Chinese billionaires, and large software companies that put $240m in for less than 2%, it’s arguable that the valuations are not realistic. Heck, I think I was even the first person to predict that they would get a $10bn valuation.
For those of you who weren’t following the Facebook beacon fiasco - it’s become quite a nightmare for Facebook and they have already capitulated. Facebook needs to hire some seriously top notch Internet Marketers - and not make old school mistakes like this - I wasn’t impressed with the invasion of privacy either.
The $15bn valuation only holds true if they can crack Google Adsense (IMHO) - with moves like this, it doesn’t look good at all!
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Comments On This Post
December 6, 2007 at 7:51 pm
Facebook’s big blunder with Beacon goes to show that being valued at over $15 bn doesn’t protect you from making major mistakes like this one. Although Zuckerberg has already publicly apologized for failing to preserve privacy for its users as a, this is actually the second time Facebook has done this type of thing. I am curious if it will have any impact on current users - my best guess though is it will only be a minor blip on Facebook’s upward trend.
December 7, 2007 at 3:57 am
I heard Google been doing some stuff to cockblock Facebook. And Vinny, you forgot to sign into MySpace and hit the OK for accepting the friends request…lol
http://www.Drewryonline.net
http://www.myspace.com/SophisticatednDetermined
December 31, 2007 at 4:27 pm
Alex Schultz to the rescue!
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