Half a billion here, half a billion there
Posted by Ron Coleman on November 2, 2007
And you’d soon by talking real money — even for Facebook — unless, of course, the half a billion supposdly raised last month was never there at all.
Yes, the ground floor is a long way down: “Accel has invested $12.7 million in Facebook for an 11 percent stake now worth $1.65 billion . . .” But still — it’s all good fun, but how does it make money, exactly?
Jack said
Just as a general proposition, the thing I like most about the internet is how much time, effort, money, and even self-deception people are willing to sink into holes that can never really be filled.
But, here’s to Neverland!
May she never, never, never, not never, ever, ever be any not more than she ain’t right now.
Music City Bloggers » Blog Archive » Why I’m Currently Hating FaceBook said
[…] is the new frontier, though, and a lot of bloggers are writing about it today. Ron Coleman Yes, the ground floor is a long way down: “Accel has invested $12.7 million in Facebook for an 11 […]
Stout Republican said
Advertising and Market Research. That’s how they make money. Imagine how much having a consumers age, area, likes, dislikes, music, movies, books, sex, heroes, etc. all categorized and cataloged. Facebook and Myspace…reinvented market research.