BusinessWeek Logo

Facebook On the Block, Looking For $2 Billion

Posted by: Heather Green on March 28

BW Online reporter Steve Rosenbush writes that Facebook, the popular social networking service for college kids, has put itself on the block and hopes to get as much as $2 billion.

As Steve writes, it may seem like a lot of dough, but Facebook is the 7th most heavily trafficked site on the Web in terms of page views, according to comScore Media Metrix.

Update: I just read Russell Beattie’s thread about this and how valuing companies through page views is a bad sign. It’s back to the bad old days of the Internet bubble. But it’s definitely happening. When MySpace blasted into the public consciousness last year, what it touted then too was page views. Not a good thing…

TrackBack URL for this entry: http://blogs.businessweek.com/mt/mt-tb.cgi/

Reader Comments

Jim Dermitt

March 28, 2006 01:23 PM

Beattie writes. "So nutty… I’ve never even seen the inside of the site."

Believe it or not, I never heard of Facebook until now. I've never even seen the outside of the site.
If they can $2 billion for it, good for them. Just so it doesn't cost me, I don't care if they get $4 or 5 billion for the thing. Maybe GM can buy it just for all the eyeballs and turn things around.
I have my own little book operation and press to work with here. It's a nutty world, for certain.

Post a comment

 

About

In Blogspotting Senior Writer Stephen Baker and Associate Editor Heather Green take a look at how cutting-edge technologies are changing business and society. Whether its blogs or wikis, data crunching or data targeting, technology’s advances are reshaping the world that we live in.

RSS Feed: Blogspotting

BW Mall - Sponsored Links

Business Tools

A-Z Index

List & Rankings

Blogs

More Blogs

Slideshow Gallery

More Slideshows

Magazine

Current Issue

BusinessWeek Cover