The Social Networking Weblog

WEBPRO NEWS — Dec 18 — Yahoo probably didn't dream that an offer as high as $1.62 billion would be rejected. But Yahoo probably didn't expect to hear the metallic hubris pinging out a tune of $8 billion, either. Peter Thiel says Facebook isn't for sale but says it's worth at least $8 billion, matching its value up with MTV's, based on the idea that Facebook could generate $1 billion profit by 2015. Thiel's numbers would make present and future Facebook eyeballs worth nearly ten times the eyeballs of MySpace. Maybe, reports Bloomberg, Facebook will carve itself up in an IPO to generate cash. FULL ARTICLE @ WEBPRONEWS

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~admin

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