Facebook No Longer Valley's Hot New Young Thing

July 22, 2008 at 4:37 am PT

A year ago, when Facebook opened up its social networking site to software developers, it was Silicon Valley’s hot new young thing. … But what a difference a year makes. As Facebook gears up to host its first big developer conference this Wednesday and introduce a major revamp to its site, it is going through some growing pains. I also think Facebook has lost some of its buzz factor in the valley. Some also believe that its valuation on paper, once pegged at $15 billion, has notably declined.

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Tagged with: F8, Facebook, frontpage, Therese Poletti

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steve king

your headline should have teased readers in with the article being how Facebook has grown up and are not just the Valley’s Hot young thing but the World’s. Buzz aside, they have proven their ability to be relevant everywhere. That $15b valuation is ahead of it’s time. i think an Dutch auction style IPO will prove this out.

IMHO

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