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http://www.rev2.org/2007/09/26/commentary-facebook-hype-and-future/
Started by Sid Yadav · 10 months ago
1 year ago
1 year ago
It's going to hurt them.
Zuckerberg said in his interview with Michael Arrington at TC40 that they're most definitely not planning an acquisition any time soon, nor are they planning to take it public within the next couple of years. Instead, and this will be obvious to anyone who's a close follower, they're doing high valuations for now to raise money -- ones that are totally against reality -- and I think they'll be doing a couple more over the next three or so years until they're ready. And when they think they are, they'll do a big IPO. Google-style, perhaps bigger.
What's missing here? Profits. Revenues. It'll be really interesting to see how they work on that.
1 year ago