Did Peter Thiel have to practice in a mirror saying that Facebook is worth $8-billion, so that he didn’t smirk at the wrong time, or worse yet, burst out laughing? I wonder. The venture capitalist and former PayPal founder certainly seems to have pulled it off, since he got Bloomberg to publish that number with a straight face. Rupert Murdoch is going to kick himself for only saying MySpace is worth $6-billion.

As Mike Arrington has noted at TechCrunch, and Carlo has likewise pointed out over at Techdirt, this is exactly the kind of thing that companies say when they are looking to be acquired. Call it a combination of playing hard to get and fluffing up your feathers so that you become more attractive to the other birds. A kind of mating ritual.

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Could Facebook actually be worth $8-billion? It all depends on your math. There’s no way in a million years that Yahoo (or anyone else, for that matter) is going to pay $8-billion in cash money for it — but will they pay a billion or $2-billion and then claim that they got $8-billion in value from it, as Rupert and his minions continually claim about MySpace? That’s got a better chance of happening.

As for the talk of Facebook doing an IPO, that is likely also posturing. If they actually try to do one, it will only prove — as Vonage’s IPO did — that their backers are nervous and want to get out as soon as possible.

About the author

Mathew 2414 posts

I'm a Toronto-based former senior writer with Gigaom and my favorite things to write about are social technology, media and the evolution of online behavior

4 Responses to “Facebook to Yahoo: Please (don’t) buy us”
  1. PodTech has an open feedback channel!Mathew Ingram / mathewingram.com/work: Facebook to Yahoo: Please (don’t) buy us

  2. Facebook to Yahoo: Please (don’t) buy us via Mathew Ingram: mathewingram.com/work December 16th, 2006 at 16:11

  3. […] Facebook to Yahoo: Please (dont) buy us [Mathew Ingram’s Blog – 16 Dec 2006 16:55 UTC] Did Peter Thiel have to practice in a mirror saying that Facebook is worth $8-billion, so that he didn’t smirk at the wrong time, or worse yet, burst out laughing? I wonder. The venture capitalist and former PayPal founder certainly seems to have …[full story] […]

  4. […] Latest Comments Email me Copyright 2005-06 Randy Charles Morin Meta-Yahoo Everything you wanted to know about Yahoo! and more. << Previous Main Next >> Sat, 16 Dec 2006 19:12:01 GMT Facebook to Yahoo: Please (don’t) buy us Did Peter Thiel have to practice in a mirror saying that Facebook is worth $8-billion, so that he didn’t smirk at the wrong time, or worse yet, burst out laughing? I wonder. The venture capitalist and former PayPal founder certainly seems to have… http://www.mathewingram.com/... Permalink Comments +del.icio.us Tell-a-Friend […]

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