4 ms·
As I understand it the valuation at the time of the Microsoft deal was meaningless, at least as far as other shareholders go. Their move was based on an effort
by brianlash 18y ago
As I understand it the valuation at the time of the Microsoft deal was meaningless, at least as far as other shareholders go. Their move was based on an effort to "get into social networking," not a strategic long-term investment.
I could be wrong. But I think that's a believable story, especially in light of this news around FB's own (much lower) internal valuation.
- netcan 18y agoMakes sense. I guess they pay an evil premium. But wouldn't they have something written into the deal that they can't sell the company at a valuation lower then the preferred stock price? Isn't that what preferred stock means. I suppose that there would be no restrictions on buying at a lower valuation.