Silly money

By Nic Price on 24 October 2007 — 1 min read

From TechCrunch:

Facebook Takes the Microsoft Money And Runs.

The $240 million is a minority stake that values the company at $15 billion.

Uh oh…

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  • Yep silly money. However, even by Microsoft’s’ standards it’s an astonishly bad investment.

    Has anyone done the maths? Or even considered that the Fbook audience will prove to be inherently fickle (witness My Space, Yahoo!, errrrr and are likely to scoot somewhere elese the moment something better comes along, it’s only a matter of time.

    So what if Facebook is now ‘worth’ $15bn and they rinsed Microsoft for a couple of hundered million.

    If I were them I’d be taking the money and running (lauging like a madman) all the way to the bank.

  • Completely agree Simon. John Naughton puts it nicely in today’s Observer:

    “Pssst … have I got a deal for you! Send me a cheque for £10 and I will sell you a 0.000001 per cent interest in NetworkerColumns Ltd, a privately held company which produces copious quantities of mildly irritating prose. I will then release a press statement announcing that we are both partners in a £1bn company!”

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