The Water Cooler: Stalker Site for $2billion?
by at March 28, 2006 8:25 pm
Sections: Business News, Features, The Water Cooler
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Every Monday, Bryan Glanzberg contributes The Water Cooler, a column that bridges the gap between technology and business. This week we’re bringing you a double whammy.
Well college students nation-wide, your favorite stalker site Facebook is on the block. Mark Zuckerberg turned down $750 million a few months back…everyone thought he was out of his mind! Now he is looking to earn as much as $2 billion on the sale of this popular college and high school website.
Viacom is looking to purchase the site as they feel it might be a good strategic fit and it could directly tie to their recent attempts to drive social networking. Advertising revenue is hot now and could be a great source for Viacom. This development will be very interesting.
Read [Business Week]
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