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Facebook for $2 Billion?

March 28, 2006 in facebook, social networks by JDA

I just read that Facebook is on the block for $2 Billion, and as much as I like the Book’s potential, that number is way too high.

Facebook has some big challenges. Right now it’s cool, but it’s targeted at college students, where things tend to be cool for 3 years max. What happens when a generation that has had other means to stay connected (ie MySpace) and hasn’t had Facebook gets to school? How do you keep advertisers happy in the summer when no one is using Facebook? What about the number of features? It’s definitely behind MySpace and other competitors in the number of features. Facebook hasn’t really even figured out how to leverage all the data that it has yet.
It’s a great product and the market it reaches is viewed as a goldmine, but come on, 2 BILLION!?