Facebook: $750 Mil in Hand Worth More than $2Bil in Sky
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Without issue 2005 was the year of MySpace. Before Rupert Murdochs $580 million social media enterprise took the interactive world by storm, its hard to believe that even the most positive of the billionaires lackeys would have predicted that new acquisition would more than quadruple its reach inside a matter of weeks. With 23.5 million page views by February, MySpace became the second most trafficked site online.
Murdochs success obviously created buying interest in such a thing considered o-nline social network. One proposed offer in March 2006, was Viacoms defeated $750 million bid for Facebook.com, the phenomenon started by wunderkind Mark Zuckerberg. After Facebook.com declined the offer, its leaders called Facebook.coms worth at two billion dollars. Possibly the excellent sparks from MySpaces achievement has blinded Facebook.com to-the flip-side truth of Friendsters paradise lost. Theres a real opportunity Facebook will not see an offer this nice again. To get one more interpretation, please consider checking out: damien elston jt foxx.
Facebook.com is basically a web-based channel of communication for students and high schoolers. For his crew of Harvard and its valued reach Zuckerberg drop-outs (taking their cue from Bill Gates, no doubt) should be looking for Google-sized compensation, nevertheless the two billion-dollar figure is arbitrary and hard to justify. Perhaps Face-book is emboldened by their own wise course of action in not trying to sell to Yahoo for $15 million in 2004.
Zuckerberg was probably wanting to begin a market value for his development, no unwise proceed the face of things. However, Viacoms supply was not by any stretch of the creativity pocket change and the amount of entities that may and will double the quote Facebook already got is limited.
Facebooks traffic figures, as referenced on Alexa.com, during the last 3 months aren't encouraging; that is, if the purpose is to fish for more and better buy-out estimates. The numbers already have trended downward since March, anathema for engaging hyper bidding growth. Since Facebook, after-all, is intended for the faculty student these decreasing statistics could be at least partially related to the cyclical nature of the school year. It doesnt matter how good the merchandise is, it wont keep students from doing their own thing during summer vacation and this dip is potentially destructive.
Seeing as how quickly online trends could expand and contract in social network as weve observed in its short time period, what-if the figures dont return? What if something new pops up in two weeks that steals Facebooks mastery? (And, again, MySpaces achievement serves as justification why this mastery may be worth stealing.)