12 Comments »According to Kara Swisher, Asian billionaire Li Ka-shing (not to be confused with Ka-Ching) has invested $60 million in Facebook. According to the article, Providence Equity Partners and other investment groups have dropped out of negotiations due to crappy terms. Apparently no investor gets a seat on the board, including Microsoft who recently invested $240 million for 1.6 percent of the company.Â
Some had speculated that Facebook would no longer be able to close any investment rounds due to the extremely high valuation that Microsoft set. Apparently Facebook is an investment that only the richest of the rich are willing to make (or can afford to make). Li Ka-shing is the richest person in Asia and the 9th richest person in the world. So given that he’s a billionaire, $60 million is pocket change to him.
I love to site back and reflect on the days when $60 million was pocket change for me. It is doubtful that Facebook will be able to raise any more money in the near future given the caliber of investors that are currently investing. With over $500 million in cash, Facebook has enough leverage to make some major plays in the market. It will be interesting to see what comes next out of Facebook. Will their SocialAds grow in popularity? Will Beacon become a widely accepted shopping utility? Only time will tell!
FB today $15B valuation, if deemed expensive.. well, look at Google when it was $15B or $30B circa IPO.. today, it’s $220B…
FB today $15B valuation, if deemed expensive.. well, look at Google when it was $15B or $30B circa IPO.. today, it’s $220B…
Google has something like $15 billion in advertising revenue $6 billion in cash and plenty of assets. Facebook has $150 million which one hundredth the size of Google and they don’t even own their servers.
Google has something like $15 billion in advertising revenue $6 billion in cash and plenty of assets. Facebook has $150 million which one hundredth the size of Google and they don’t even own their servers.
Yes, but before they found the adwords/adsense revenue methodology (of goto.com’s), they didn’t have much.. other than the larryrank algorithm and a whole bunch of servers (and the search appliances to sell to the enterprise), and that was just shortly 3 years ago..
[...] via Kara Swisher und Allfacebook [...]
Yes, but before they found the adwords/adsense revenue methodology (of goto.com’s), they didn’t have much.. other than the larryrank algorithm and a whole bunch of servers (and the search appliances to sell to the enterprise), and that was just shortly 3 years ago..
[...] sich einen Anteil an der beliebten amerikanischen Studentencommunity Facebook zu sichern. Mehreren Quellen nach betrug der Investment 60 Millionen US Dollar, allerdings will der Hongkonger [...]
[...] One hand never claps well, it needs another to make a louder noise. IMHO, this whole beacon thing was made on purpose as a part of some self-promotion campaign where facebook teased bloggers to be writing and writing about their 10-lines beacon system. This whole thing was just to attract more eyes towards their platform. At least, $60 more millions have been invested. [...]
they don’t even own their servers?? Can you explain a little bit please? And btw, i’ve been trying to contact you for a decade now, any chance you reply please?
they don’t even own their servers?? Can you explain a little bit please? And btw, i’ve been trying to contact you for a decade now, any chance you reply please?
[...] in November I wrote that the Hong Kong billionairem, Li Ka-Shing has invested $60 million at the $15 billion valuation [...]