The Week in Geek

(BETA VERSION: current version at Courseware & Insight at the Intersection of Tech & Strategy by Prof. John Gallaugher, Carroll School of Management, Boston College

The Mercenaries in Facebook’s Midst

Facebook has $500 million in revenue, it’s the fourth largest site in the world, and it grew twice as fast as Twitter in July. New revenue streams (such as ‘real gifts’) loom on the horizon. Still, the firm’s $100 million program that allows employees to cash out up to 25% of options before going public, is oversubscribed. The buyout offer comes through Digital Sky – a firm that invested in Facebook earlier in this year at a valuation of $10 billion. The buyout offers value Facebook at $6.5 billion – a nice bit of arbitrage for the Russian investors.

Interesting side note: Sarah Lacy, who wrote the BusniessWeek column above & also writes for TechCrunch states that TC has been valued at $30 million!

Filed under: Textbook, , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

MI021 – Computers in Management

Field Study Courses



Get every new post delivered to your Inbox.

%d bloggers like this: