From the NY Times:
Microsoft, Google and several funds are considering investments in the fast-growing site, according to people with knowledge of the talks, that could give the start-up a value of more than $10 billion…
Facebook is seeking a minimum valuation of $10 billion but interested bidders have expressed a willingness to value it as high as $13 billion.
…Earlier this year, a Pali Research analyst, Richard Greenfield, estimated that the company brought in $60 million to $96 million in annual revenue, with no real profit.
Do I hear ‘irrantional exuberance,’ anyone??
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