Yahoo : Missing The Boat On Facebook
By: Mathew Ingram
Eric Savitz at Barrons Online has an item about Yahoo and Facebook, in which he quotes Needham analyst Mark May as saying that Yahoo may have missed yet another boat by not acquiring the social-networking site"
in much the same way it had the chance to acquire Google for $3-billion back in 2002 and passed. According to the Needham analyst, Facebook recently passed 21 million registered users, and ComScore says that 93 percent of registered users log on at least once a month and 60 per centuse the site at least once a day.
Doug Macintyre at 24/7 Wall Street also questions whether Facebook is worth much more than $1-billion, but I think he is being too conservative in his estimates " not just of what Facebook could make, but of what a company like Yahoo (or even Microsoft) would be willing to pay for a site that is growing at those kinds of rates, especially among the 17-25 age group.
Tag: deal, Facebook, Yahoo
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About the Author:
Mathew Ingram is a technology writer and blogger for the Globe and Mail, a national newspaper based in Toronto, and also writes about the Web and media at www.mathewingram.com/work and www.mathewingram.com/media.
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