Facebook appraisal pegs company's value at $3.7B

February 12, 2009 By MICHAEL LIEDTKE , AP Technology Writer

(AP) -- Facebook Inc. quickly concluded it wasn't worth anywhere near the $15 billion market value implied in a 2007 investment made by Microsoft Corp., according to confidential information obtained Wednesday from court documents.

Similar stories from PHYSorg:

Security chip that does encryption in PCs hacked

Feb 08, 2010 | 4.6 / 5 (17) | 13

Feds still troubled by Google's digital book deal (Update)

Feb 05, 2010 | 5 / 5 (1) | 0

Airport security is a tech-firm gold rush

Feb 04, 2010 | not rated yet | 0

SKorean, US firms embroiled in chip espionage case

Feb 04, 2010 | 4.5 / 5 (2) | 0

Comcast 4Q profit up on revenue boost, tax gain

Feb 03, 2010 | not rated yet | 0

• bluehigh - Feb 12, 2009
  • Rank: 4 / 5 (1)
  Facebook is worth near to nothing. Another over hyped business model that can only exist with advertising. If Google/Microsoft/Venture Capital don't buy it, its worth zilch. Same for twitter et al. All worth zero.
  Global economic crisis? Hey the banks are still reporting profits! Did Facebook earn more than outgoings last year? No, its a credit black hole.
  
  
  
  • report abuse
  • • Current rank
    • 1
    • 2
    • 3
    • 4
    • 5