Some thoughts on the Microsoft Facebook deal that is making huge waves today:
- Did Zuckerberg not want this deal?
- Microsoft took a 1-2% stake in Facebook for $240 million... Some tidbits of info about this.
- What exactly does a poke mean? Not being a regular Facebook user I am not exactly sure.
- Facebook downgrades its growth rate.
- If Zuckerberg does, in fact, own 30% of Facebook as has been reported, on paper he is now worth $5 billion. That must feel nice, but I can say from experience, it's horrible when you are worth a lot of money on paper and you don't cash out and end up with nothing. See an older post of mine for more details on this.
- I still hold by my belief that Facebook is going to crash when and burn when they are unable to turn their large user base into a large money base. While Apple reported such a good quarter last week, I think the stock is pretty much done with it's run. It's been down for the last two days. Want to hear something that will make you sick? I bought AAPL at $18 and sold it at $30 a few years back. Makes me sick to think about it, but not as sick as the above mentioned paper loss of 99% of my net worth.
- All of the above that is not from me is from Valleywag.
- And just in - Facebook is getting another $500 million from two hedge funds, bringing their take over the last two days to a hefty $750 million!
- And something about Facebook's value and growth... As a note, Facebook's users are growing at 2% a week - not active users, registered users. And as far as I know the revenue growth is pretty much non-existent.
- Some guy from Intel agrees with me.
- Google is once again being a little bit evil. Only like 2% evil or so but still...
- Sergey Brin tries to pass off the Facebook mess as something positive for Google. I don't think its positive for anyone except Mark Zuckerberg and the other early investors.
- Montage of Mark Cuban's all-too-brief stint on dancing with the stars.
