Facebook for 1 Billion?

March 29th, 2006

Mike Rundle at BusinessLogs.com discusses some recent rumors that Facebook has turned down an acquisition offer for $750 million, and Businessweek now reports they won’t sell for less than $2 billion.

Wow.  I know Facebook is big, I know Myspace sold for $580 million, and I know that Mike made some good points about how he thinks Facebook will just keep growing as the high school kids in Myspace graduate into Facebook.  Of course, as those college students graduate from Facebook they’re also losing their audience.  It’s a good question if they should build some sort of “post-college” service or just stay focused on the market they’ve dominated.

I congratulate Facebook on their success, but I hope turning down $750 million doesn’t come back to haunt them.  It’s a bubbly time.

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Entry Filed under: Acquisitions, Random, Social Networks, Web 2.0