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Send to email | For Sale: Facebook Shares, 67% Off in General | By Silicon el 28-Jun-2008 |
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What is Facebook really worth? We know it's not worth $15 billion -- earlier this week a federal court, ruling on the ConnectU case, confirmed that the company has already placed a different value on its shares than the one they publicly announced as part of last fall's Microsoft deal.
Now Mike Arrington reports that Bill Dagley, a California money manager, is repping a seller with a block a stock they're willing to part with at a "value far less than $15 billion." He then cites a source that says the valuation Dagley's client is looking for is in the $3 billion to $4 billion range.
Sound plausible? It does to us. We've heard a different but similar version of the story from "Stone", a prolific and anonymous SAI commenter, for a while. The last time that Stone threw this one out -- this week -- he asserted that the valuation was "less than $4 billion for sure."
And now, prompted by Arrington's report, we've heard from a different source -- this one we know, but have agreed not to identify -- who says that in April, he was offered a 0.25% stake for $12.5 million -- a $5 billion valuation. Our source, who didn't move forward with the deal, says they weren't approached by Bill Dagley but by a Facebook employee, inquiring on behalf of another Facebook employee.
So either said Facebook employee is now working with Dagley, or there are multiple Facebook shareholders looking to unload shares for 2/3rds or less of the $15 billion number the company boasted about last fall. We'd bet on the latter.
See Also: It's Official: Facebook Not Worth $15 Billion

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| Facebook Connect coming soon to an iPhone near you | During their annual developers conference yesterday Facebook revealed that their newly minted Facebook Connect protocol would be made available to iPhone application developers sometime this Fall. What this means is that iPhone apps will have access to Facebook Connect, allowing them to utilize your Facebook account, profile, and user information. While it might disturb the [...] [..] Read complete article |  | Published 24-Jul-2008 by Joshua Karp in Applefacebookfacebook connectiPhone Read 8 times. More hits in  |
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