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Originally Posted by 450SEL6.9  Monster, who actually uses the site? It generates huge traffic, but are the main users still teenagers and college kids who don't have that much money?
I think Microsoft is desperate enough to catch up with Google to value FB at $10 billion. If they do, I'm selling my Microsoft shares. If they are willing to value a networking site at $10b, then I think they'd lose my confidence as an investor. Besides, my investment has been dead money anyway. |
At first it was for Harvard students only. Then they expanded to Boston area universities, next to all Ivy League universities and soon all university students around the world were approved to join. Soon they also included large companies and high schools. Now it's open for everyone.
I joined last year just to see what the site was all about but never used it until this summer when my old friend found me there and soon other people who know me started joining. Now I use it every now and then.
Yahoo wanted to buy the site last year for $900m but Zuckerberg said he wants to keep it independent. Later he has put down a couple of bigger offers.
One thing is for sure: Google is not going to just sit back and watch Microsoft getting more intimate with Facebook. Let the bidding war begin:
Media Biz Let the Facebook bidding war begin «