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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