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Is FaceBook Unrealistic with Yahoo? Is Microsoft Going to Buy?
posted by MR WAVETHEORY at 10/12/2006 08:26:00 AM
WSJ did an article on Yahoo/FaceBook again. Yahoo, Inc. (Nasdaq YHOO) I love the quote at the end with Mark Zuckerberg: "Mr. Zuckerberg said there was no sense in saying, "let's make a lot of money now....I can be doing this for a long time, hopefully." Zuckerberg is an incredibly lucky entrepreneur. He doesn't seem to understand that there are fewer than 10 companies in the world that have the capacity or desire to purchase his company. First time entrepreneurs always make the same mistake. Or that $1 billion is alot of money. Scobleizer speculates that FaceBook will get picked up soon - still having a hard time convincing Microsoft (Nasdaq MSFT) execs to pull the trigger. He does make a good point that it is hard to duplicate the community. However, I do agree with Ballmer that the users in FaceBook churn every 4 years and that's not very sticky. Still, Scoble insists:
I, and others, told Microsoft’s execs to start buying everything that moved in the social software space cause we knew that valuations were gonna be much more expensive later on. The executive leadership at Microsoft didn’t believe us. Still doesn’t.