Facebook On The Block

conq writes "BusinessWeek reports that Facebook has turned down an offer for $750 million and is looking for 2 billion dollars. The article speculates that one possible suitor would be Viacom. From the article: 'A Facebook deal would help Viacom founder and Executive Chairman Sumner Redstone fend off a growing challenge from News Corp. The media conglomerate run by Rupert Murdoch has poured enormous resources into the Internet during the last year. It acquired social-networking pioneer MySpace.com last year for $580 million.'"

Drunk idiots

[Anonymous Coward]

1. Make site where dumbasses post pictures of themselves drunk and create atrocious "web pages" to showcase said pictures
2. ???
3. Profit!

Re:Why?

[nacturation]

Well, for starters there's this neat thing called money...
 

Add to Friends

[christopherfinke]

That may sound like a huge amount of money, especially when you consider that the company was launched just two years ago by a group of sophomores at Harvard University, led by Mark Zuckerberg

Hmmm...

/ Adds Mark Zuckerberg to his friends.

How the negotiations went down

[Tackhead]

> BusinessWeek reports that Facebook has turned down an offer for $750 million and is looking for 2 billion dollars. BusinessWeek reports that Facebook has turned down an offer for $750 million and is looking for 2 billion dollars.

Great. So the future of business looks like this:

sumredrok: yo
facebk: yo!
sumredrok: asm?
facebk: 2/lots/watugot?
sumredrok: 750m?
facebk: up urs n00b
sumredrok: wtf?
facebk: 2b
foxyrupert: pwn3d!

"Capital, capital, everywhere, and no VCs who think."

Re:The new business model.

[Anonymous Coward]

You know... I've seriously thought about this myself. I just have to figure out how to make a site that generates a lot of hits with no real income and then sell it off to the highest bidder.

Then party like it's 1999... :-)

Re:Why?

[popeguilty]

Run a website full of idiot college students or live in unimaginable luxury... decisions, decisions...

And in other social networking site sales news...

[British]

Friendster is reportedly up for sale: 5 dollars.
Google will pay someone to take Orkut off their hands, in Brazilian currency too!

Irrational exuberance has returned

[smooth wombat]

They're looking for $2 billion? For a site that is nothing more than a glorified bulletin board?

Apparently in 7 years peoples memories have fallen by the wayside.