Facebook Chat
So I was on facebook today and noticed a new feature - chat. Yes, it seems facebook is building needed apps into their platform finally. Facebook is coming close to turning themselves into a true portal. First off, chat in facebook is tied to an existing addiction - facebook so see facebook chat numbers eventually overpowering AIM. It will - just give it some time. FCBK did chat in such a simple way that it will kick ass. Look for video chat in the future.
Now, facebook needs to retool their message system to allow users to host their REAL email and build a REAL search engine or at least do a proper google partnership and they will be able to almost maybe somday justify their valuation. At least I would say great work so far.
A couple of things about their valuation. First off, they are profitable so will never go under so what that means is that they have a $240,000,000 investment fund to invest in themselves over the next few years. They need to turn $240MM in $15MM which is possible. It’s only a 7X return. Your every day average VC is looking for at least 10X in a successful investment. Just some food for thought …
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