Facebook worth $10 billion??

TheEnforcer · 05-27-2009

http://www.huffingtonpost.com/2009/0..._n_207792.html

NEW YORK — Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it has yet to turn a profit.

The investment gives Digital Sky Technologies a nearly 2 percent stake in Palo Alto, Calif.-based Facebook's preferred stock. Digital Sky won't get a board seat.

The $10 billion valuation for Facebook is less than the $15 billion value implied in 2007, when Microsoft spent $240 million for a 1.6 percent stake in the company _ even though Facebook has substantially grown since then. However Facebook's own appraisal after the Microsoft deal gave the company a market value of about $3.7 billion, according to details revealed in a legal settlement.

The latest investment, in preferred stock, does not necessarily compare with what the company's common shares would be worth on the open market. That would be determined if the company were to go public, which is likely a ways off.

RawAlex · 05-27-2009

All I can think of is exactly how long before these guys will have all sorts of nice installers and horse crap going on. Same guys that own mail.ru, so you can guess their business models.

Top_Of_Google_Man · 05-27-2009

Unbelievable numbers.

TheEnforcer · 05-28-2009

Quote:

Originally Posted by RawAlex

All I can think of is exactly how long before these guys will have all sorts of nice installers and horse crap going on. Same guys that own mail.ru, so you can guess their business models.

Yup... lots of stuff liek that likely to come down the pike with that money infusion....

SexArise! Chick · 06-01-2009

Wow, that's believable. A lot of people go on Facebook, even myself.

05-27-2009	#1
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	Facebook worth $10 billion?? http://www.huffingtonpost.com/2009/0..._n_207792.html NEW YORK — Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it has yet to turn a profit. The investment gives Digital Sky Technologies a nearly 2 percent stake in Palo Alto, Calif.-based Facebook's preferred stock. Digital Sky won't get a board seat. The $10 billion valuation for Facebook is less than the $15 billion value implied in 2007, when Microsoft spent $240 million for a 1.6 percent stake in the company _ even though Facebook has substantially grown since then. However Facebook's own appraisal after the Microsoft deal gave the company a market value of about $3.7 billion, according to details revealed in a legal settlement. The latest investment, in preferred stock, does not necessarily compare with what the company's common shares would be worth on the open market. That would be determined if the company were to go public, which is likely a ways off.

05-27-2009	#2
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	Re: Facebook worth $10 billion?? All I can think of is exactly how long before these guys will have all sorts of nice installers and horse crap going on. Same guys that own mail.ru, so you can guess their business models. __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds

05-27-2009	#3
Top_Of_Google_Man Members Join Date: Dec 2004 Location: London UK Posts: 253	Re: Facebook worth $10 billion?? Unbelievable numbers. __________________ FREE TRIALS ARE HOT AGAIN - GET YOUR SHARE!

06-01-2009	#5
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