Posts tagged “facebook”

Facebook's finances have been leaked and they're ugly: a projected $150m net loss in 2008, with revenue needing to double to $300m just to get there. That makes Microsoft's $15bn valuation look like 300x profit. Good luck selling ads in a recession.

Microsoft's $240M Facebook investment isn't about what Facebook is worth. It's a blocking move, just like Google's AOL and MySpace deals. Microsoft didn't care about the stake percentage; they just wanted to keep Google and Yahoo out. Zuckerberg set the $15B valuation himself. Don't get excited.

We quietly launched Mash, a social network mixing Facebook and MySpace features. The twist: other people can customize your profile too. It's more fun than 360, which is nearly dead. "Mash" was our second choice after Nokia grabbed our first pick.

I started a Facebook group dedicated to keeping parents off their kids' social networks. Nobody needs their mum reading their risque status updates or their boss seeing their job complaints. Join up and resolve to never crash your children's social networking party.