Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 27 May 2009 12:49

Facebook worth ?$10 billion?

Written by Nick Farell

Image

That is what the Russians will pay for it

 

Social networking site Facebook appears to be worth $10 billion dollars as a Russian investment group Digital Sky has just bought a two per cent stake in Facebook for $200 million. If price was applied to the rest of the shares, the entire outfit would be worth $10 billion.

Microsoft paid $240 million for a 1.6% stake in Facebook in October 2007. That deal placed a $15 billion valuation on the social networking site. This means that the value appears to have dropped a fair bit. To be fair to Facebook its own valuation is that it is worth $3.7 billion.

Analysts and people in the know claim that it is both good and bad news for Facebook. The good news is that the outfit can get a good valuation even when the market is pants. The bad news is that its valuation still appears to be dropping.

Facebook Chief Executive Mark Zuckerberg would not comment outright about the valuation figures. He said that the share deals are not identical and it is impossible to make any comparisons.

We would have thought that given the fact that Facebook has not made a profit, web businesses like Fudzilla, which do, should be worth a couple of trillion by now and Fudo would have a mansion that is 14 times the size of Bill Gates.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments