Facebook's Number One Priority Is To Invade Your Privacy

Posted by Keith Hahn, Aug 23, 2007, 11:15am

Zuckerberg (shocked): "You mean we have to monetize our user base in order to command a $50 billion asking price? A couple mil from selling icons of cuddling bears won't cut it?"

Upon this revelation, Facebook is working on a system that lets advertisers target ads based on profile content. Facebook swears this is just like Google reading your emails to target you with ads, which provide a constant source of amusement. Facebook plans to unleash the adspace invader in the fall.

We doubt the system will be able to tell if the information in your profile is a joke, or if you've actually read Voltaire, Clancy or Ferrell (but you quote them so you must be familiar with their work, no?).

If you found this story boring, the top two Reuters stories may ignite your interest...

Facebook devising new advertising system: report [Reuters]
Woman sets fire to ex-husband's penis [Reuters]
Boy in court for throwing sausage [Reuters]

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Comments

Posted by , Aug 23, 2007 11:48AM

$50B, huh.

Facetious as that valuation is, it seems on the high side -$10B is laughable in itself.

Posted by Eric M., Aug 23, 2007 11:52AM

given that facebook has 31mm users, and given that disney paid $500 per user for club penguin, one could argue that a $15.5bn valuation is fair based on recent irrational comps.

Posted by anonimouse, Aug 23, 2007 12:18PM

So that boy who threw the sausage (3 times prior even) is worried he'll be sent to prison. HA! Maybe they should charge the mother for negligence in her parental duties.

Posted by Abernathy, Aug 23, 2007 12:34PM

One could also argue that Facebook is teetering on being " so over" to the social networkerati that care about these things, and that twisted little homonculus Mark Zuckerberg may have waited too long looking for a bigger golden egg.

Posted by Take the $ 'n' run, Aug 23, 2007 12:50PM

If he put facebook out there for $7-10bn he could get a buyer within the hour. For the VC's who invested as well as Zucks I believe a bird in the hand is worth two in the bush. Sure they could hold out for an IPO or another year or two to get a buyer at the $15-20bn they probably want, but discounted back for uncertainty of any such outcome, at least back of the evelope it appears a sale in the near-term is in their best interests.

Posted by Take the money and give, Aug 23, 2007 2:13PM

Just wondering what the guys at connectu.com are thinking....

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