Facebook Value Drops $11.25bn

Message Board to Discuss Business Issues in the Social Networking Industry

Facebook Value Drops $11.25bn

Postby snwmark » Tue Jul 08, 2008 9:26 pm

THE REGISTER -- July 8 -- Facebook is not worth $15bn. That was the value Microsoft slapped on the social networking poster child last October when it forked over $240m for a 1.6 per cent stake in the company. But according to papers from the recently settled court case between Facebook and Harvard University dating site ConnectU, Facebook believes its common stock is worth only $3.75bn.

MORE NEWS @ SOCIAL NETWORKING WATCH

snwmark
Full Member
Full Member
 
Posts: 189
Joined: Sun Jan 13, 2008 9:28 pm

Return to Social Networking Industry Forum

Who is online

Users browsing this forum: No registered users and 2 guests

cron