soeren says » Blog Archive » For once, I fully agree with Ballmer.

For once, I fully agree with Ballmer.

October 3rd, 2007

heise: “Microsoft-Chef hält Social-Commmunity Facebook für überbewertet” (Microsoft’s CEO considers social community Facebook overvalued)

Of course, he’s saying that in hopes of lowering said value, because Microsoft is interested in a share of the company. But that doesn’t make him wrong: Facebook’s current asking prices of $15 billion and beyond are ludicrous, and, like so many have already said, smell of a repeat of the 2000 Web bubble.

I already thought the same of the Skype acquisition back in late ‘05 ($2.6 billion) or YouTube ($1.65 billion). Those prices were already severely inflated, but Facebook puts it to a whole new level.

Unless you’re sadistic and waiting for the moment one of the bidders (Google, Yahoo!, eBay, Microsoft, Amazon.com, etc.) will choke on their own offers, you can’t argue with a straight face that this is good for anyone.

Posted in Chuckellania, Web

Others' Thoughts

# Free Bird
Comment on October 3rd, 2007 at 9:56 pm

Well, it’s definitely good for Facebook’s current owners… Other than that, I fully agree. (And Apple’s share price is inflated as well ;))

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