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 was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle