Gustavo Ballvé on January 3rd, 2011
Food for thought, Home, Industries, Media, Signal or Noise, Tech

We don’t intend to (nor do we like to) follow the daily news and the noise level associated with it. That said, occasionally something jumps out and deserves a quip, and Facebook’s reported US$50 billion valuation is one of these. As usual Andrew Ross Sorkin’s Dealbook at the New York Times has the best coverage, including a link to Felix Salmon’s post in his blog at Reuters and another to a surprisingly useful post – they tend to be rather superficial, but in this case the uses of cash seem dead on. Goldman’s deal is great: even if they eventually cash out at a lower valuation, the underwriting fees from the IPO will be astronomical. One gets the mental picture of Goldman’s private bankers calling FB’s key executives like crazy. Finally, – the russian investors formerly known as Digital Sky Technologies and pitching in a further US$ 50mm in this round – is shaping up to be a “Web 2.0/ Web 3.0” vehicle, albeit a potentially expensive one after its London listing late last year. One to track while Facebook doesn’t do the obvious IPO.

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