Your very own Facebook, only $2bn
A big story on Tuesday is that Facebook is apparently shopping itself around, and is looking to take in a few more smackers than the $750 million that it was reportedly offered already. BusinessWeek Online's Steve Rosenbush suggests that Viacom, purveyors of MTV and other cable channels that reach the younger set, might be up for this type of action. I don't know about you, but I happen to be with Om Malik on this one. He suggests that perhaps that $750MM figure should have been snagged while it was on the table, because the site's traffic isn't exactly booming. So while it's still a big number, overall, traffic doesn't lie. Unless there's some other type of cat hiding in the corner there, what's the big shakes that are going to make someone pony up 267% of that offer? Let's be honest here, having a "me too" product isn't going to cut it in this space. It's either got to be better, or have some sort of different feel to it for it to resonate with people.
Check out what Om's got to say on this, I won't belabor this point any further. Oh, and a stack more over at tech.memeorandum.
