Schadenfreude
TechCrunch is reporting (spreading the rumor?) that: Facebook May Be Growing Too Fast. And Hitting The Capital Markets Again.
Some of the key items:
- Revenues are not covering costs, and costs are growing faster than revenues
- Half of Facebook’s users are from Asia, Africa, the Middle East, and Latin America, places where you can’t make too much money
- Facebook’s CFO is reportedly in Dubai trying to get some oil money
Yahoo!’s $1b is probably looking pretty good right about now. Then again, Yahoo! probably would have fucked it up.
NaBloPoMo 1
