Dear Yahoo Executives:
Facebook is not worth $1 Billion! Sure, there are a list of reasons why you would want to purchase it. Some of the reasons include:
- Page-views on the site have grown 230% YoY (second behind MySpace, and greater than Google, Craigslist, Yahoo, eBay, et. al).
- It's one of the most highly visited sites on the Web.
- It has a demographic that advertisers would kill for, but is this really worth shelling out a cool Bill?
Facebook CEO Mark Zuckerberg is only 22 years old! Do you know all the trouble you would be contributing to if you paid a 22 year old $1 Billion?
Also, do you really think that you can seriously challenge MySpace (nevermind the fact that the site is just a advertisement piece of SPAM)? And what happens when college students (especially this generation) quickly tire of the whole social networking fad? What do you do then?
In closing, I really think you need to sleep on it, better yet, take the weekend and think about it. Take a couple days off, have a mocha, listen to some more of Lloyd Braun's brilliant ideas, and just think if this deal is really going to add value to the Yahoo customer experience.
Thursday, September 21, 2006
An Open Letter To the Executives at Yahoo
Posted by Ben Wilkinson at 7:33 PM
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