Thursday, 17 May 2012

Facebook: is it really worth $100bn?

In The Social Network, the Oscar-winning film about the rise of Facebook, Sean Parker, the company’s founding president, tells another investor: “A million dollars isn’t cool – you know what’s cool?” The scene cuts to Parker in a different meeting. “A billion dollars,” he says.

By 2006, two years after those scenes were set, prospective buyers were reported to be offering $2 billion to buy Facebook. Mark Zuckerberg, the company’s founder, said no. Tomorrow, Facebook will float, an event that is expected to value the business at around $100 billion. It seems that even Hollywood wasn’t thinking big enough when it comes to this behemoth of the web.


http://www.telegraph.co.uk/technology/facebook/9269818/Facebook-is-it-really-worth-100bn.html

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