Tag: Facebook
Facebook CEO Mark Zuckerberg and his board met yesterday to discuss and eventually reject two funding offers for the company -- one at a $4 billion and one at $2 billion, according to reports from VentureBeat and TechCrunch.
A source close to Facebook tells us the company values itself closer to $5 billion.
Ever since a report surfaced at BusinessWeek that Facebook intended to engage in vendor-financing for new equipment, there's been speculation that the company is suddenly cash-strapped.
In addition, a source close to Facebook...
» Read the rest of the post
Kara Swisher is reporting that Facebook has grabbed another investor - $60 million from Hong Kong billionaire Li Ka-shing.
While a lot of people were beginning to doubt Facebook’s ability to raise more money after getting a lofty $15 billion valuation following a $240 million investment from Microsoft last month, it seems the stakes are not too high for Hong Kong billionaire Li Ka-shing, who has made an investment of $60 million in the hot social networking company, according to sources with knowledge of the transaction.
The 79-year-old...
» Read the rest of the post
Today, Facebook Ads launched with three parts: a way for businesses to build pages on Facebook to connect with their audiences; an ad system that facilitates the spread of brand messages virally through Facebook Social Ads; and an interface to gather insights into people’s activity on Facebook that marketers care about.
Users Gain Ability to Share their Actions from 44 Participating Sites with their Friends on Facebook…The websites participating in Beacon can determine the most relevant and appropriate set of actions from their sites...
» Read the rest of the post
Facebook raised another $500 million yesterday in addition to Microsoft's $240 million. The money is supposed to have come from two NYC-based hedge funds, who would have bought stakes roughly equal to the 1.6% Microsoft purchased.
This makes perfect sense. Rumors from the Facebook funding frenzy had the company seeking $750 million from the get-go. And during yesterday's almost content-free conference call, Facebook's Owen Van Natta refused to rule out the notion that the company had raised more capital than Microsofts's.
With $750...
» Read the rest of the post
Facebook's COO Owen Van Natta has gotten a bit of a demotion moving from his perch in the last two weeks as chief operating officer to chief revenue officer and vice president of operations. It leaves him in charge of large swatches of the company, including technical operations and the ad business, but takes away what many assumed was his No. 2 slot to Zuckerberg.
Previously, Van Natta, the former vice president of worldwide business and corporate development and the founder and vice president of its A9.com was responsible for the...
» Read the rest of the post
Part of the source code of Facebook has been leaked. This means people might have your password and information... Now how secure is Facebook? How much damage will it bring to the “company” that was just starting to get extremely popular?
Facebook, one of the hottest social-networking sites on the Internet, landed in a Boston courthouse Wednesday facing charges that its founder stole the idea for the company from a competing site.
ConnectU, a much smaller social network in Connecticut, charges that Facebook's Mark Zuckerberg took the idea for the online college community from ConnectU, where he worked in 2003 and 2004.
Facebook asked federal Judge Douglas Woodlock to throw out the suit, but Woodlock put off the decision, giving ConnectU founders Divya Narendra and...
» Read the rest of the post
One of the dirty little secrets about the internet is that much of the advertising inventory is sold as remnants for well under $1 per thousand pageviews. The CPM that advertisers would pay to be on the front page of CNN Money could be closer to $40. But, a large portion of the advertising run online is dancing aliens selling mortgages. This is because much of the internet's traffic cannot be organized and sold to highly targeted audiences. So, this inventory goes for a song.
Social network audiences probably carry the lowest value of any...
» Read the rest of the post
Update: A comment from Brandee Barker, Corp Comm at Facebook which provides some clarification:
The Times story is referencing funding information from more than a year ago. Per my comment in the article, Facebook has raised more than $37 million in venture capital to support our growth, including systems operations. We now have several data centers with thousands of servers and, of course, our investors have a stake in the company.
Times Online reports that Facebook was forced to sell about 10% of its share due to the fact that it didn't...
» Read the rest of the post
» View all photos
As Facebook's mastermind, Mark Zuckerberg is sitting on a potential gold mine that could make him the next Silicon Valley whiz kid to strike it rich.
But the 22-year-old founder of the Internet's second largest social-networking site also could turn into the next poster boy for missed opportunities if he waits too long to cash in on Facebook Inc., which is expected to generate revenue of more than $100 million this year. The bright outlook is one reason Zuckerberg felt justified spurning several takeover bids last year, including a $1...
» Read the rest of the post
3 Votes
