opinion


How much is a social network worth?

$15 billion, that’s how much. 23 year old Mark Zuckerberg must be a very happy man today, after Microsoft shelled out $240m for a 1.6 per cent stake in Facebook. The social networking hype machine has obviously been chugging away since Murdoch paid out $580m for MySpace and I wonder how much longer before the wheels fall off the bandwagon? eBay’s already admitted it got a bit over eager when bidding for Skype and all this crazy spending is starting to look a bit ’90’s…

Anyway, the point of this post was about BlackBerry finally jumping on the bandwagon and getting a Facebook app, which just goes to show how closed mobile operating systems trail the rest of the industry. Facebook’s probably seen as passe already and the new mobile social networking phenomenon is probably something like Twitter. After all, Jaiku’s gone all corporate now


One comment

  1. mfundo 05/11/2007 @ 10:21 am

    the 15 billion value tag was obviously inflated by the competition between microsoft and google.

    In the increasingly globalised societies that we live in, online social networks like fb and hi5 become an essential “updating each other” tool which means you have thousands of people scatered all around the world accessing each other’s latest news on the same medium which is an advertiser’s dream.

    This makes fb a global advertising medium which is what pushes its value high and the more people join, the higher this value should go up. but @ $15 billion, facebook seems way overvalued!!!

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