Show me the $$$
Facebook, the MySpace-like social networking website based on University-affiliations, is on the block and seeking more than a few dimes.
Founder Mark Zuckerberg took Facebook live just two years ago, while a sophomore at Harvard. After recently turning down an offer for $750 million and seeing Facebook’s growth stagnate, he is now seeking up to $2 billion for the popular website, according to BusinessWeek.
Om Malik still believes he should have sold out when the money was on the table as Facebook will be hardfought to compete with the anomaly that is MySpace.
While MySpace continues making headlines as the detective’s best friend, Facebook may be best known locally for exposing the profile of Holly Ashcraft, the USC student convicted of murder for abandoning her newborn in a dumpster near campus last fall.
But many college campuses are already committed to adjusting to a campus culture future dominated by sites such as MySpace and Facebook.
UC Berkeley administrators told the Contra Costa Times:
“…Because students are so far ahead of us, we have a lot of catching up to do.” [...] “If we don’t,” added student-development director Jerlena Griffin-Desta, “we’re missing a whole shift in the culture.”
MySpace fetched nearly $600 million last year when Rupert Murdoch swallowed it whole. Facebook’s audience is not nearly as huge, however, as noted at TechCrunch, it is used by 85% of all college students.
$2 billion is a ridiculous amount of money for a social networking site, but, alas, not three weeks ago Viacom announced its interest in combatting Rupe mano-a-mano.
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