Facebook for Sale; But $2 Billion?
Posted by: Rob Hof on March 28, 2006
So says our Steve Rosenbush in a story today. Apparently, the social-networking site turned down an offer for $750 million. Even that’s way more than the $580 million News Corp. paid for the much larger MySpace last year.
Update: Om thinks they should have taken the $750 million, given stagnant traffic figures. So do many of the commenters on his post. I dunno that Facebook automatically loses to MySpace, though. At the Web 2.0 conference last fall, a panel of teens late in high school or just into college was asked where they hang out online—MySpace? Nope. Facebook. But the one sure thing is that these audiences are fickle.