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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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google