I wonder how an IPO will e/affect FAcebook. I guess this means they will provide your personal info to government agencies at the drop of a hat.
July 13th, 2007 10:50pm
Which one is Facebook? I can't keep up with all your GenY trendy websites.
July 14th, 2007 12:06am
If they have any sense, they would keep it private.
'xcept they took VC money, and those chaps are more interested in selling the goose than they are in collecting a steady supply of golden eggs.
July 14th, 2007 8:56am
In the current buyout market, golden eggs aren't as valuable. Skype is a good example of that.
I chuckle when dunderheads who wouldn't know a buyout from a booger say things like that. I'd wager Colm doesn't even have a brokerage account.
I am telling you. Yelp is the next big thing. But on Facebook, I don't think so. You might have some shareholders that might want more in terms of security, but I can't think why they would want to collect data on people. That is where the facebook have to stick to their guns. Like google and others have done.
Yelp has been the next big thing since 2005. Yelp has similar problems to Facebook. They have an interesting service that a lot of people use, but there is no apparent way to make any money off of it. Yelp has also burned through way more VC money than Facebook and don't have as universal of a service.
>I chuckle when dunderheads who wouldn't know a buyout
>from a booger say things like that.
Facebook is getting absurdly high valuations right now, so it would make sense for them to sell out. The amount of revenue they could conceivably make from $1 gifts, advertising and selling your data on would NEVER make up for the $1 billion they're asking for.
>I'd wager Colm doesn't even have a brokerage account.
It'd be a pretty stupid thing for me to have. I simply don't have enough money to invest to make it worthwhile.
Colm is right about Facebook. If someone is offering more than $1B and Facebook is turning it down, they are delusional.
Not necessarily, they could get a higher offer, but they're treading on risky ground because at SOME point the offering price is going to come crashing down. Best cash in before the bubble bursts.
OTOH, they've got a projected REVENUE of $1 billion, and think they're worth at least $8 bil. That's delusional.
Guys, I do not think their position is that tenuous.
A friend just gave me the low down and I buy it. Without details, the argument is: They are in an extraordinarily strong position right now, and their management team has mojo. Some have even said "Google class mojo."
Now if their management team was as brain dead as Yahoo's, it would be time to sell. But they are not. I believe in mojo.
Ah. This must be the "who has the biggest wang" investment strategy. Interesting.
I plan on IPOing myself at some point in the future, since my mojo is positively gargantuan.