Wednesday, March 29, 2006

Facebook On the Block, Looking For $2 Billion

Facebook On the Block, Looking For $2 Billion: "As Steve writes, it may seem like a lot of dough, but Facebook is the 7th most heavily trafficked site on the Web in terms of page views, according to comScore Media Metrix.
Update: I just read Russell Beattie's thread about this and how valuing companies through page views is a bad sign. It's back to the bad old days of the Internet bubble. But it's definitely happening. When MySpace blasted into the public consciousness last year, what it touted then too was page views. Not a good thing..."

Get ready for bubble burst v2 -- it's only a matter of time...
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