The $15 billion valuation that Microsoft appeared to bestow on Facebook in 2007 provoked some scepticism – including within Facebook itself.
Facebook turns five today, and founder Mark Zuckerberg took a moment yesterday to reflect on the social networking site’s journey from a Harvard dorm room to an online hangout spot for 150 million people. It hasn’t been easy, Zuckerberg wrote in a blog post.
Years ago at the Sundance Film Festival, Yahoo! sponsored a small cafe where festivalgoers could drop in -- if they were on the list -- and grab a quick bite to eat. But over time, it seems Yahoo's fame and fortune as an Internet portal have receded, and in it's place popped up social networking site MySpace. And in recent years, MySpace has sponsored the cafe at Sundance.
According to Kara Swisher of All Things Digital, Facebook had talked for several weeks about buying micro-blogging site Twitter for $500 million in stock, and then gave up on the idea about three weeks ago.
At MySpace, change is a gradual affair. News Corp’s online social network on Monday is introducing Profile 2.0, which it calls the “next step in iterative global site redesign, enabling millions of users to opt-in and customize the appearance of their profiles using an innovative new drag-and-drop user interface.”
Facebook CEO Mark Zuckerberg may have traded in his Adidas flip-flops for tennis shoes, but he was as coy as ever when it came to talking about the social network. On stage at the Web 2.0 Summit in San Francisco, host John Batelle asked Zuckerberg about Dubai, referring to rumors that Facebook CFO Gideon Yu was in the Middle East seeking financing from the sheikhs.
The new prime-time TV season is starting and that means all eyes are on Nielsen ratings. While that’s the case every fall, this one is a bit different — the industry is recovering from a writers’ strike that threw the 2007-08 season into disarray.