Facebook turns down $750M acquisition offer
 

Facebook looking for $2 Billion

"the company was launched just two years ago by a group of sophomores at Harvard University, led by Mark Zuckerberg"

All you college kids are gonna make this dude RICH.

Also, here are pics of a $12B girlfriend Larry Page and girlfriend.

Re: Facebook turns down $750M acquisition offer
 

Great article. Revenue data?

Re: Facebook turns down $750M acquisition offer
 

"Also, here are pics of a $12B girlfriend Larry Page and girlfriend."

For a billionaire, that's pathetic.

-Michael

Re: Facebook turns down $750M acquisition offer
 

dude, take the money!

that chick is totally my style

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
dude, take the money!

that chick is totally my style

[/ QUOTE ]

... her teeth are really wierd?

Re: Facebook turns down $750M acquisition offer
 

M,

More on Lucy

" Currently a Ph.D. candidate at Stanford, Southworth boasts degrees in mathematical biology from the University of Pennsylvania and applied math from Oxford.

She’s affiliated with Stanford’s prestigious Biomedical Informatics lab, which combines computer technology with biology to solve tough medical problems, particularly in the field of genetics.

Like Page, Southworth wants to better the world. She recently spent time in Cape Town, South Africa, working at the joint Stanford-South Africa biomedical program, which uses advanced technology to battlethe spread of infectious diseases there."

I think that's pretty cool. Her sister is model/actress Carrie Southworth.

Re: Facebook turns down $750M acquisition offer
 

Maybe Mr. Zuckerberg could weigh in on this issue.

Re: Facebook turns down $750M acquisition offer
 

Good lord.

Re: Facebook turns down $750M acquisition offer
 

what is really cool is Zuckerberg can use facebook to get in touch with all his friends from highschool and brag about all the money he is making from it.

Re: Facebook turns down $750M acquisition offer
 

how much did it cost him to start their website?

Re: Facebook turns down $750M acquisition offer
 

very little. prob less than many people on this board have in their neteller accounts

Re: Facebook turns down $750M acquisition offer
 

I seriously thought this was an April Fool's joke article, then I saw the March 28th date.

That's a crazy amount for a 2 year old site.

Re: Facebook turns down $750M acquisition offer
 

http://www.myspaceruinslives.com/

HAHAHAHAHAHAHHAAHHAHAHAAHAHAHAHAHAHAH

Re: Facebook turns down $750M acquisition offer
 

At Google events larry and blond g-friend are always in evidence. I've never gotten a good look at her, but honestly, more power to her.

Re: Facebook turns down $750M acquisition offer
 

KKF,

These types of sites can be started for essentially nothing.

Re: Facebook turns down $750M acquisition offer
 

Absoulutly unreal. 750 mil? And they turned it down. Ugh. Must mean they think it will go for more. Wow. Just wow.

Re: Facebook turns down $750M acquisition offer
 

i am brain storming now because i want to be a billionaire.

Re: Facebook turns down $750M acquisition offer *DELETED*
 

I don't understand why facebook was such a hit. Websites like classmates.com and many others have been around for a very long time. So what made this such a huge innovation? Is is simply because it's more "myspace" like? I dunno i haven't used any of those sites.

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
Facebook looking for $2 Billion

"the company was launched just two years ago by a group of sophomores at Harvard University, led by Mark Zuckerberg"

All you college kids are gonna make this dude RICH.

Also, here are pics of a $12B girlfriend Larry Page and girlfriend.

[/ QUOTE ]

wasn't there a blog posting at CNET or some other place that said they think the offer was actually placed to drive additional interest about the business?

Interestingly enough the following day NewsGroup released some stats on MySpace, apparently its the best performing online media vehicle they have.

- note this is all from memory, I haven't fact checked.

TT [img]/images/graemlins/club.gif[/img]

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
I don't understand why facebook was such a hit. Websites like classmates.com have been around for a very long time. So what made this such a huge innovation? Is is simply because it's more "myspace" like? I dunno i haven't used any of those sites.

[/ QUOTE ]

classmates is a pay site

to my knowledge, facebook is FREE

Re: Facebook turns down $750M acquisition offer
 

She is hot, wtf are you guys talking about

Re: Facebook turns down $750M acquisition offer
 

wacki,

sixdegrees.com was around long before any of this stuff. Friendster had millions of users before MySpace/Facebook/etc existed. Friendster is stumbling along while MySpace sold for $580M and continues to grow and Facebook is looking at billion-dollarish offers. It's not about innovation, it's about execution and timing.

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
wacki,

sixdegrees.com was around long before any of this stuff. Friendster had millions of users before MySpace/Facebook/etc existed. Friendster is stumbling along while MySpace sold for $580M and continues to grow and Facebook is looking at billion-dollarish offers. It's not about innovation, it's about execution and timing.

[/ QUOTE ]

El D,

Why do you think that is? What was special about the execution and timing of facebook and myspace as opposed to the others?

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
[ QUOTE ]
I don't understand why facebook was such a hit. Websites like classmates.com have been around for a very long time. So what made this such a huge innovation? Is is simply because it's more "myspace" like? I dunno i haven't used any of those sites.

[/ QUOTE ]

classmates is a pay site

to my knowledge, facebook is FREE

[/ QUOTE ]

And for what it's worth, facebook is not very similar to MySpace

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
It's not about innovation, it's about execution and timing.

[/ QUOTE ]

A free service on the internet is the last place I would of expected "timing" to be so critical. I am more interested now than ever in figuring out why this was such a huge hit when so many others failed.

Re: Facebook turns down $750M acquisition offer
 

Its very simple, its free, it tells you when peoples birthday's are. What else can you ask for?

Re: Facebook turns down $750M acquisition offer
 

wacki,

There have been countless articles written answering exactly the question you ask. Here's one decent writeup.

For lots of coverage and analysis of the space, see here.

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
[ QUOTE ]
It's not about innovation, it's about execution and timing.

[/ QUOTE ]

A free service on the internet is the last place I would of expected "timing" to be so critical. I am more interested now than ever in figuring out why this was such a huge hit when so many others failed.

[/ QUOTE ]

I think myspace is executed much better. The way the profiles are displayed and executed is much more appealing to a lot of people, plus it has bands and better promotions, and initially had better photo hosting, comments, etc. Friendster is starting to catch up on some of those but the interface is still not as good.

Facebook is a hit for different reasons, specific to meeting college kids at your own school, and is set up well for that.

NT

Re: Facebook turns down $750M acquisition offer
 

there are a lot of gums in that couple.

mass mass gums.

gums everywhere.

Re: Facebook turns down $750M acquisition offer
 

http://img.photobucket.com/albums/v2...ev1/r8dswm.jpg

http://img.photobucket.com/albums/v2...v1/mr-bean.jpg

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
M,

More on Lucy

" Currently a Ph.D. candidate at Stanford, Southworth boasts degrees in mathematical biology from the University of Pennsylvania and applied math from Oxford.

She’s affiliated with Stanford’s prestigious Biomedical Informatics lab, which combines computer technology with biology to solve tough medical problems, particularly in the field of genetics.

Like Page, Southworth wants to better the world. She recently spent time in Cape Town, South Africa, working at the joint Stanford-South Africa biomedical program, which uses advanced technology to battlethe spread of infectious diseases there."

[/ QUOTE ]

This is impressive as hell. I find this very sexy.

Re: Facebook turns down $750M acquisition offer
 

I believe he turned down $90M about 18 months ago. Something I heard from a friend who went to high school with Mark

Re: Facebook turns down $750M acquisition offer
 

he should have taken the 750 mil.

no one knows what to do with these web2.0 sites, they're just buying them because they have traffic and online advertising is once again seeing tons of money being shoved it's way. that's going to change though.

google is about to take a huge hit when they announce all the clickfraud lawsuits they'll be settling and that they're going to be pushing rich content advertising (interstertials and flash banners and hovers and all that other stuff you block with firefox). when the market leader's advertising business model collapses, that's surely going to cause yet another online advertising crash.

once that happens, facebook and myspace and flikr and blogger revert to being massive content sites with no real way to generate signifigant revenue. by the time advertising online is in vogue again, facebook will no longer be the hot thing.

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
Facebook looking for $2 Billion

"the company was launched just two years ago by a group of sophomores at Harvard University, led by Mark Zuckerberg"

All you college kids are gonna make this dude RICH.

Also, here are pics of a $12B girlfriend Larry Page and girlfriend.

[/ QUOTE ]

nice. i actually know mark personally, he lives in my area and went to my public school until 10th grade, and can say that he's definitely worked his ass off to get this far. he's been inventing wacky computer crap since 6th grade, it was only a matter of time until he hit on something this successful. i believe prior to this, he had developed a music preference generator, basically a program that learned what you listened to and made a playlist for you, that got stolen from microsoft since he didn't want to sell for 1m.

facebook actually developed from a prank that got him in deep [censored] at harvard...funny how he's probably sticking it to them with the megabucks he's getting

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
It's not about innovation, it's about execution and timing.

[/ QUOTE ]

What are you some sort of magical business wizard?

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
"Also, here are pics of a $12B girlfriend Larry Page and girlfriend."

For a billionaire, that's pathetic.

[/ QUOTE ]

[censored] that. If he's not happy, they'll break up. If he's happy, why shouldn't he date her?

Also, I think she's attractive, and she seems smart too. She seems like a pretty good catch to me.

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
he should have taken the 750 mil.

no one knows what to do with these web2.0 sites, they're just buying them because they have traffic and online advertising is once again seeing tons of money being shoved it's way. that's going to change though.

google is about to take a huge hit when they announce all the clickfraud lawsuits they'll be settling and that they're going to be pushing rich content advertising (interstertials and flash banners and hovers and all that other stuff you block with firefox). when the market leader's advertising business model collapses, that's surely going to cause yet another online advertising crash.

once that happens, facebook and myspace and flikr and blogger revert to being massive content sites with no real way to generate signifigant revenue. by the time advertising online is in vogue again, facebook will no longer be the hot thing.

[/ QUOTE ]

how do you know this? who are you? what do you do?

Re: Facebook turns down $750M acquisition offer
 

Diablo,

I have a feeling you think they shouldve taken the money right?

Re: Facebook turns down $750M acquisition offer
 

[ QUOTE ]
I believe he turned down $90M about 18 months ago. Something I heard from a friend who went to high school with Mark

[/ QUOTE ]

people are retards

Re: Facebook turns down $750M acquisition offer
 

I think anyone would take the money. Why risk it? For me atleast, 700 million is basically the same as 2 billion.

That is like what 35 million/year in a money market account?

Jesus!