Michael Arrington - Is Facebook worth the $15 billion valuation implied by Microsoft's investment?

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Michael Arrington Facebook is not worth the $15 billion valuation implied by Microsoft's investment. "a hard number to justify"

Evidence approved (7/2/2008 11:55:22 AM)

"a hard number to justify"

From TechCrunch:

Facebook may have talked a few investors, including Microsoft, Hong Kong billionaire Li Ka-shing and Germany’s Samwer brothers, into investing in the company’s preferred stockat a $15 billion valuation.

But that’s a hard number to justify given Facebook’s revenue projections and comparisons to other big networks, and a lot of people think it’s vastly overvalued at that price. And at least one stockholder is quietly looking to sell some stock at a value significantly lower than that $15 billion.