12-05-2007, 05:02 PM
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#26 (permalink)
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Walk-On
 5,000+ posts
Join Date: Nov 2006
Location: East Lansing
Posts: 9,116
 #23 Javon Ringer
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Quote:
Originally Posted by Negotiator
Whoa whoa whoa, let's get some numbers straight. Facebook has not said they're worth a quarter trillion. Microsoft paid $240,000,000 for a 1.6% stake. At that rate, Microsoft is saying that 100% of facebook is $15,000,000,000. That said, I've soured a bit on the seemingly inevitable IPO. The darling of the tech world apparently had some bugs they weren't telling people about.
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No kidding. 
__________________
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
- Murray N. Rothbard
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