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FaceBook is On Sale ! Was $1 Billion Now Just $800 Million. Yahoo! Bidding?
posted by MR WAVETHEORY at 9/22/2006 01:43:00 AM
Yahoo! Inc offered to buy FaceBook for $1 billion a month ago. But after several months of slow growth, Yahoo has retracted its bid and FaceBook is now worth "only" $800 million. If the price of FaceBook is so volatile, why not just wait until the end of the year? The trends are looking pretty awful for the site as traffic is going down. I did a comparison of the traffic of the second tier social networking sites (Friendster, Bebo, and FaceBook) and it shows that FaceBook's traffic is really slowing down while Bebo is growing the fastest, see What's the Hottest Place to Hangout: Facebook, Bebo, or Friendster and FaceBook is Worth $2 Billion?Bill Allen says Yahoo! Inc would earn 3.5% on its money if it made a $1 billion offer. Now, I'm not a financial engineer, but last time I checked with my local bank, I can get 5% on a time deposit. Sue Decker, you may want to give them a call.And Mark Zuckerberg, if you read this, my advice for you: If you can get anything in the 9 figures, take it and run to the bank. Do not walk. Do not stop. Run! And tell Sue that you'll only take cash.