Haven't written anything much for a very long time. My job seem to be keeping me too busy, leaving me no time for "being social,..." not an apt excuse for being just lazy.
However the news on facebook valuation has jerked me up from a deep slumber. Facebook valued at $65 billion..., a whopping jump of 30% from its previous valuation, just a month ago (in January).
Wonder if the Investment firm General Atlantic has overvalued the firm's equitable value or is it a case of cloud computing gone amok.
According to news reports General Atlantic is purchasing a block of roughly 2.5 million Facebook shares from former Facebook employees, giving the firm a 0.1 per cent stake in the company.
In January, Facebook said it had raised $1.5 billion from investors including Goldman Sachs and Digital Sky Technologies, as well as through a private offering to overseas investors conducted by Goldman Sachs, at a valuation of roughly $50 billion.
Well I am still waiting to know the money spinning business model that both the social media bigwigs-- Facebook or for that matter Twitter are looking at adopting going forward.
For the moment, I am busy thinking about the number of zeros that Mark Zuckerberg can add to his already balooning networth if he decides to go public (an IPO).
For now I am thinking of creating a social network titled "the Valuation Game." Join me in my endeavour!
Friday, March 4, 2011
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