Peter Kafka

Recent Posts by Peter Kafka

Facebook Is Worth $65 Billion, Says Facebook Seller Interpublic

Ad giant Interpublic, which bought a tiny stake in Facebook way back in 2006, has sold half of its investment. Depending on which report you believe, Interpublic ended up selling 0.2 percent to 0.25 percent of the social network’s shares, for a total of $133 million, “in a privately negotiated transaction.” That places Mark Zuckerberg’s baby at about $65 billion, give or take a few billion.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”