Yahoo Tries to Woo Facebook With $900 Million 108
Krishna Dagli writes writes to mention a New York Times article on Yahoo!'s attempt to buy Facebook. Their current standing offer is $900 Million, with the deal including a degree of autonomy for the site and founder Mark Zuckerberg still in charge. From the article: "When Viacom offered $750 million for Facebook in January, he asked for $2 billion and was rebuffed, according to a person involved in the negotiations. Now, he remains undecided about the latest offer, made in the last few weeks by Yahoo. That offer, first reported by The Wall Street Journal, was confirmed yesterday by two industry executives, one briefed on the deal by Facebook and the other by Yahoo. Both spoke on the condition of anonymity because the negotiations are continuing."
my advice . . . (Score:5, Insightful)
Hmmm... (Score:5, Insightful)
Jackpot (Score:4, Insightful)
Hmmm... (Score:4, Insightful)
If Yahoo buys, it will fail (Score:5, Insightful)
Dear Mark Zuckerberg.. (Score:3, Insightful)
900 MILLION DOLLARS, PALO ALTO (Score:2, Insightful)
Like you, I am from Palo Alto. I graduated from PALY. I think facebook is a pretty cool website (most of the time). However, I would strongly encourage you to take the money and run. Facebook is definately not worth that much money. Consumers are fickle, and most the users of facebook hate you anyways (perhaps because they are ignorant, but the fact remains..). Why bust your chops and lose $1BN for people who generally don't appreciate you nearly as much as they should?
Good luck,
Stinky
Re:Hmmm... (Score:2, Insightful)
1999 called... (Score:1, Insightful)
Re:Facebook is run by nazis. (Score:1, Insightful)
You may now kill yourself. (Score:5, Insightful)
I think anyone with any modicum of programming skill has been repeatedly slapping their forehead over the last year at the money being made from some very basic PHP scripts and what SEEMED like really silly ideas.
Seriously -- if someone came to you a few years ago and was like, "Umm, ya, we're looking to take, like, Geocities, and mash it up with Blogger, and AOL Instant Messenger, except uglier than any of those things, and maybe graft on some awkward MP3.com type capabilities, and leverage the awesome power of ColdFusion [google.com], and we've registered an awesome domain name -- MYSPACE, get it, like My Space, like My Web Space
Or if someone was like, "ya, I envision this site where everyone at every college can just upload all their personal info, pictures, basically just like Blogger, except only other people at their college can see it, and they can like join clubs and stuff, and groups, like any group they want, and post pictures of themselves doing bong hits, put the whole thing on a PHP/MySQL ball..."
I'd be like, "ya, I don't see college kids posting pictures of themselves doing illegal things, first of all, dumbass. Secondly, why join an online group when you can join a REAL group, in real life, with live members of the opposite sex present? And thirdly, why should they use YOUR facebook when their college prolly has one of its own? Even if they did, why wouldn't they use Yahoo Groups and Blogger and AIM just like everyone else?"
Shows how much I know.
Ya, I could have built this stuff. I'm not even a CS major or programmer, but I know enough scripting (perl/ruby) and server admin I could have pulled it together. But I didn't! It never would have occured to me to make something so bloody simple and so minimally better than what is already out there.
Just goes to show, it's all about the users, and if you're not a user, if you're not in their shoes, it's really hard to anticipate what will be exciting to them.
Re:If Yahoo buys, it will fail (Score:4, Insightful)
Re:Jackpot (Score:5, Insightful)
Secondly, the guy is already fairly rich. Going from being a millionaire to a half-billionaire (say) is nice in many ways, but it's going from riches to more riches, not rags to riches.
Third, one suspects he actually gets more out of the power and glory of running a successful company. It doesn't sound like his Main Goal is to have lots of money. It sounds like he enjoys more the constructive pleasures of building a massively successful venture. Who wouldn't? I mean, unless you're a total slacker, then being successful, admired, influential and seeing your ideas come to fruition exactly as you'd want them to is much more rewarding than the next million (once you already have a few million in the bank already).
What happens if he sells the company? Sure, he's got a lot of dough, but he's no longer in sole control of the company. He's working for Yahoo. He's got a boss. Not likely he's going to enjoy that very much.
He could take his big chunk o' change and his fame and go start another copmany. But no doubt the deal would include a non-compete clause, so it can't be the same type of company. Got to be a totally new venture. What are the odds lightning will strike twice? That the next "brilliant" idea he has about a company is going to work out as well? He's going to be worrying about that.
If he had run the company for 10 years already and had had all the fun there was to have in it, I think he'd sell. But he's only run it for a very short time. On the other hand, he also knows what the commenters here are saying, which is that this is probably his best golden opportunity. I'd say the guy's in a bit of a bind.
Re:If Yahoo buys, it will fail (Score:1, Insightful)
Re:Not bad... (Score:4, Insightful)
But I'll tell you this:
Ideas aren't worth much if you can't execute on them.
-david
pointcast deja vu (Score:2, Insightful)
Re:You may now kill yourself. (Score:3, Insightful)