Facebook Turns Five
Happy Birthday Facebook. Everyone needs another time suck.
Yet questions still remain about the finances behind Facebook’s remarkable expansion. The company has attracted more than $200 million in investment from venture capitalists while in 2006 it rejected a reputed $1 billion bid from Yahoo!
In 2007 Microsoft paid $250 million for a 1.6 percent share, a figure that gave Facebook a total projected value of some $15 billion.
I don’t know, I probably would have sold it. But maybe that’s why I am not the guy sitting in the penthouse. 😉