Facebook for Sale; But $2 Billion?

I don't know if it's really being fickle per say. I think the target markets are different. Facebook is directly catered to the college and recently high school crowd. What I think holds Facebook back at the moment is the site's inability to be useful to alumni at the moment. I think this could be fixed rather easily though. Myspace caters more to an artistic crowd that wants more freedom to do with their page whatever they want. They both have their pro's and their con's, but regardless, both are providing companies with an outlet to a specific set of individuals in a specific age range.

I think the price involves a premium because of the generally accepted fact that Gen Y-ers are not very receptive to mass marketing and facebook is VERY popular with university students (and recently high school students). Facebook is easy to use and the advertising is not being pushed in your face (myspace on the other hand is very commercialized).

As for alumni, they can have access to the site as well if they have access to their school email. At most schools, if you graduated prior to free email accounts being given to students, you can contact the alumni relations and they'll set one up for you.

I think the personalized web space craze is not just a fad, it will become a staple to every who access' the internet. As for facebook asking 2 billion for control of its site is just absurd. Some would say that the $580 mil purchase of MySpace last year was a steal, especially in terms of the advertising revenue. Yet facebooks advertising scheme is not only less effective but also less evident to the consumer.
I say Facebook creater Mark Zuckerberg should have taken the $750 mil offer or at least reduce the asking price by 50%. It will be very interesting to see if any corporation will invest so much in a site dedicated to a specific targeted age group.

Being an IT man myself, I take pride in my geeky accomplishments. Could it possibly be that he simply doesn't want to see his "baby" go? Maybe in his mind $2 billion is what it will take for him to make peace with seeing his work become potentially hacked up and commercialized. Just my 2 cents.

RaiderRedHead may have hit it on the button, as a user of both facebook and myspace, I see facebook as a far superior investment. Facebook doesn't seem to face the number of pedophiles and pornographers that you get on myspace because of that I believe it is a much safer investment. Two billion, idk, but I think that RaiderRedHead is probably right, Rosenbush isn't ready to give up Facebook, yet.

Then again I'm only 18, what do I know.

I def. think that facebook is superior because it is not open to everyone in the world like myspace. Facebook is for the most part college kids who want to interact with others like them, their friends from high school and the guy/girl they met at a party. Myspace has been corrupted a little by companies who adopt a profile to solicit to people. If solicitations begin on facebook people will not use it anymore. $2 billion is a perfect number. I hope it is too high for anyone and the people in charge now stay put.

I agree that the $2 billion should keep the site from being too commercialized. No one wants to go check their facebook and have a bunch of advertisements continuously popping up. If facebook becomes anything like myspace, half of the college students will not use it. Facebook is meant for 'students' and anyone affiliated with the school system. It also eliminates the 'different people/ weirdos' that may potentially be pedophile material. I think facebook should not change at all. If they want to solicit the site that bad, then they should pay! Good job Mark!!!

I think Facebook really should have taken the $750 million. There is no way any website is worth $2 billion. Facebook would never generate a total revenue of $2 billion so why pay that much let alone $750 million.
Myspace is not even worth $580 million

The facebook for sale for $2 billion is just a crazy amount, and now with google also in the running with yahoo, it will be interesting to see who ends up owning the social networking site.

Wow, this report couldn't have been farther off base.....

Imagine that might be a sign that this fella has a bit of smarts about him eh?

http://www.theinquirer.net/en/inquirer/news/2007/09/25/microsoft-to-buy-facebook-shares

If he had sold at $750M, would have done himself out of $14.25B some would say a year and a half....worth the wait!!

FACEBOOK - is quite boring to look at - I not impressed with it at all - Why they didnt take the 780 million?? Or take 1/2 a billion and 10% of the company earnings per year. Hey Mark retire.. enjoy life. Were only here a short time. Let someone else work for you. 10% earnings would be a great payout if you sell to someone who knows what there doing!! lifes short enjoy..