Valleywag
The projections of private companies are always to be taken with a pinch of salt. Particularly when they're seeking to warm up a buyer, as Facebook was, during acquisition discussions last year with Yahoo. The internet media company believed Mark Zuckerberg's social network for students might make $172m revenue, mainly from advertising, in 2007. Preposterous?
Not so much. Facebook execs have been spreading the word in Silicon Valley that the company is on course for at least $150m this year, we hear, not far off those earlier projections. The site, which students use to showcase themselves and organize their social lives, may be a flawed advertising platform, about which more, later; but Facebook's plan to remain independent, unlike that of most other new web ventures, looks increasingly plausible.
Facebook's meteoric rise
The projections of private companies are always to be taken with a pinch of salt. Particularly when they're seeking to warm up a buyer, as Facebook was, during acquisition discussions last year with Yahoo. The internet media company believed Mark Zuckerberg's social network for students might make $172m revenue, mainly from advertising, in 2007. Preposterous?
Not so much. Facebook execs have been spreading the word in Silicon Valley that the company is on course for at least $150m this year, we hear, not far off those earlier projections. The site, which students use to showcase themselves and organize their social lives, may be a flawed advertising platform, about which more, later; but Facebook's plan to remain independent, unlike that of most other new web ventures, looks increasingly plausible.
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1:40 PM on Tue Mar 6 2007
By Nick Denton
4,463 views
2 comments
Comments
I think it's great they've stayed independent, and it's actually probably essential for them to remain that way as they grow. If it was Yahoo's Facebook, they'd probably ruin it by trying to extract too much, too soon.
Sally Tenpenny? Are you serious? I've kept this long-forgotten bookmark in my persistent bookmarks file for ten years hoping that bloat would one day return:
http://www.thewebtoday.com/bloat/
Is this a tribute to the original, or a continuation?
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