Wednesday, March 29, 2006

Is Facebook Worth $2 Billion?

Facebook the widely popular online directory that connects people through social networks at schools is selling for $2 billion. It seems a big amount but looking at how many of my friends use Facebook on daily basis, I think its all worth it. It provides a neat interface as well as tools to connect with students at different schools.
  • BW Online is reporting that the Facebook is trying to sell itself for $2 billion. That sort of wishful accounting makes Ruoert Murdoch seem like a penny pincher for paying only $580 million for the much larger MySpace.

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