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Great article. The last sentence is what I thought when I first heard about this: "The one sure thing you can tell from this is that Facebook clearly can't sel
by jbail 16y ago
Great article.
The last sentence is what I thought when I first heard about this: "The one sure thing you can tell from this is that Facebook clearly can't self fund itself enough for what it needs, even on $2bn turnover a year."
It will be really interesting to see some actual, real-life numbers from Facebook regarding their profit/loss/revenue/expenses. My guess is that we will soon enough.
- barmstrong 16y agoThis is what I thought too- they can't be profitable if they are raising more money. But then I read it wasn't Facebook selling equity, but early investors selling their private shares. http://finance.fortune.cnn.com/2011/01/04/five-reasons-why-im-not-buying-facebook/ http://finance.fortune.cnn.com/2011/01/04/five-reasons-why-i... So maybe Facebook is not getting the cash infusion.