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March 04, 2007
Why Mark Zuckerberg is a Poor (for now) Genius/Idiot
Recently it has come to my attention that Mark Zuckerberg, the creator of the one and only addiction/waste of time/stalk fest called FACEBOOK, is not selling his website. Instead, he sits around and wastes time redesigning his website and playing with his old Harvard textbooks or something. I've heard that he has turned down $900 million from YAHOO! in that past and that there is no reason that if he does sell that it would be less than the $1.65 billion that was paid for YouTube.
I mean, I'm sure the kid has some game plan in mind. He probably wants to play stage conductor to a bidding war, but I just don't see the sense. The probability that FACEBOOK will lose its potency soon has got to be some where between 100-110%. Mark, just call it a day and take $1.5 billion, and go take some classes in basic internet economics.
If I were teaching him, this is what my lesson plan would look like:
- Tell Mark the secret Internet demand equation:
- Time + Fickle Teens and/or College Nuts + Internet Connections = an attention span of approx. 1.453 seconds
- Inform Mark that unless he has a new social networking site called Facerook.com, where you order chess pieces with customizable mugs, then he better strike a deal yesterday...
Posted by kiwesley at March 4, 2007 07:27 PM