More on the Facebook fantasy
Posted by Ron Coleman on November 15, 2007
As predicted: No one but Microsoft, evidently, was buying into the $15 billion valuation in the last “funding” round. Silicon Alley Insider:
The joke was indeed on Microsoft.
Fonzy says it’s even worse than that.
Scott Kirwin said
I’m too old for these social networking sites, but I’ve never quite figured out how anyone was going to make money off of them.
They are extremely content rich – so need lots of hardware and broadband connections to keep up and running.
So where’s the $$$ coming from to support all that?