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Google to Buy FaceBook.com 2.6 Billion
- Thread starter WallstYouth
- Start date
Quote from redbull13:
I'm on facebook and as everyday goes by, it sells out more and more. Originally it was a really good site that most people really enjoyed. They keep adding STUPID new features, and I dislike it more and more. If anyone buys it, I won't be sticking around.
anybody will be able to use it soon..
Quote from S2007S:
sad sad sad, I think in an interview a while back he didnt want to get rid of it for nothing less than $2,000,000,000.
Kid is 22 and owns 30% of the company. He also made the deal that if its bought out that he will still have the right to control the company.
I think these social networking sites as big as they are will one day be a thing of the past. I think GOOGLE paid way too much for youtube, I think it was a stupid move. For a yahoo, google or microsoft to develop a social networking site would cost next to nothing. I believe AOL developed something along the lines of a social networking site about 6 months ago. As for Facebook I would take any amount now. Take it quick and laugh all the way to the bank.....
There is another site that was started by two teens about a year ago that is growing at about 5000 members a day, start up cost $250,000....why pay a few billion for a site that costs only a couple of hundred thousand to start. If teens can start a website and build it up to 2 million members I think a fortune 500 company can do the same without a problem...
disruptive technologies and services do not orginate in fortunate 500 companies. fortunate 500 companies are stuck in the traditonal ways of doing things. you cannot expect true innovation to come from them.
taken a look at a book call the Inovator's dilemma by clayton christenson which explains this particular issue.
Quote from S2007S:
thats why the deal is a waste of time
You people seem to think sites like these get acquired because of their technology or some other mysterious reason, the fact is you can pretty much license most of the technoloy needed to build your own Youtube, from companies like Adobe.
These companies are being acquired for their user community.
Quote from WallstYouth:
These companies are being acquired for their user community.
Many of which will leave once a big corporate takes over and ruins it like big corporates ruin everything good. Watch the censorship unfold on youtube.com and videos put up by users get taken down. Then the advertising will take over and youtube will become just another spam page with spyware, pop ups, ad space, etc.
Quote from mokwit:
The devil finds work for excess cash [on the balance sheet]
Cash? It's gonna be almost all stock, just like with youtube. Same old scam, it's all OPM.
pretty soon google will go the way of Yahoo and HP. sales & marketing will rule the company and the technology people will be considered backoffice IT. the founders won't care that much anymore because they are already so rich from the IPO. their ownership % has also been diluted so they are really powerless to veto anything.
Yea, the new "in-word" these days is "eye balls". They're not buying revenues, they're not buying profits. Youtube is making losses since day 1. No, they're buying "eye balls" - the user community of a FREE SERVICE!These companies are being acquired for their user community. [/B]
Wait a minute, reminds me of 1999. Back then, they'd purchase companies with the highest "cash burn rate".
Quote from Hydroblunt:
Many of which will leave once a big corporate takes over and ruins it like big corporates ruin everything good. Watch the censorship unfold on youtube.com and videos put up by users get taken down. Then the advertising will take over and youtube will become just another spam page with spyware, pop ups, ad space, etc.
Geez, how about MySpace? Probably they didn't leave because the site is bought only by a puny Newscorp...
I heard that Google is working things out with major labels and IP holders in form of advertising revenue sharing.