Facebook worth $15 billion? Don’t tell Microsoft, but I think that they got took.
This stuff–from Facebook son of MySpace son of (do you remember?) Xanga son of something else– and all those zillions of identities and passwords we can’t remember, reminds me of the freeways in the 70’s. Instead of billboards we have banner ads. Instead of Styrofoam Big Mac boxes we have a cyber-landscape littered with forgotten passwords and logins. Databases with data junking up some one’s server. No value. And doesn’t break down well.
So, Big Bill and Co. sink $240 million for 1.6% of the “company.” I half wonder if the Google-guys tricked them into the investment.
I mean, c’mon. They don’t even have a sock puppet. Yet.