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Facebook On The Block

Posted by ryuzaki0 on from the folks-on-the-service-already-selling-themselves dept.

conq writes "BusinessWeek reports that Facebook has turned down an offer for $750 million and is looking for 2 billion dollars. The article speculates that one possible suitor would be Viacom. From the article: 'A Facebook deal would help Viacom founder and Executive Chairman Sumner Redstone fend off a growing challenge from News Corp. The media conglomerate run by Rupert Murdoch has poured enormous resources into the Internet during the last year. It acquired social-networking pioneer MySpace.com last year for $580 million.'"

2 of 250 comments (clear)

  1. The new business model. by vertinox · · Score: 5, Insightful

    You know... I've seriously thought about this myself. I just have to figure out how to make a site that generates a lot of hits with no real income and then sell it off to the highest bidder.

    --
    "I am the king of the Romans, and am superior to rules of grammar!"
    -Sigismund, Holy Roman Emperor (1368-1437)
  2. Re:oh brother by jcnnghm · · Score: 5, Insightful

    You obviously aren't in college. Facebook is a marketers wet dream. One of the hardest demographics to reach hits that site literally 20 times a day. And that includes everyone, especially the trend setting popular kids (who are often the most addicted).

    --
    You don't make the poor richer by making the rich poorer. - Winston Churchill