Dot Bomb 2.0 ?
Wednesday November 21, 2007 ·
368 views ·
0 comments
Just about a month ago, I saw this Wired article and had thoughts of jumping off the roof instead of taking the stairs down to my car (figuratively speaking of course). I couldn't believe what I was reading, Microsoft had just paid $240 million dollars for a 1.6% share of Facebook. Thats just absolutely ridiculous, it places Facebooks's value at $15 billion dollars!?!? Facebook has less than $200 million in annual revenue. How in the world could Microsoft believe that they could valued that much? Even with a 20% increase in annual revenue every year, it would take them 15-16 years before they earned 15 billion. Either Microsoft payed way too much money or we are headed towards another Dot Bomb. Here is a small follow-up to that article. Comments
"The world can only be grasped by action, not by contemplation." - Jacob Bronowski  Blogging
Recent Reads
Blog Roll
|
print
email
rss
View RSS feeds