Is Facebook Worth $1 Billion?
Here’s a question that’s been bandied about thousands of times: Is the social-networking phenom Facebook worth $1 billion? Time Warner CEO Dick Parsons answered that with a resounding “no” last week. CNNMoney also posits the question, asking investors from Wall Street as well as Facebook’s college student users what they think of its possible $1 billion sale to Yahoo. “What’s beautiful about Facebook is that it’s a great place to advertise because it generates the equivalent of online word-of-mouth.