Mark Sichel
(Gastador)

Facebook in an about-face


Escrito 12 Feb 09
Funny how when Facebook was selling a piece of the company to Microsoft in 2007 it valued itself at $15 billion but when it got sued by and old friend (for stealing the idea nonetheless) the company's worth dropped drastically to a mere $3.7 billion. I know stocks are worth much, much less these days but losing 75 percent of your value when you are one of the hottest companies is a tough sell. Seems like we owe kudos to Facebook for their innovative accounting methods. no?

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