"The site pulled in estimated revenues of just $280 million last year, and sources close to the company say it didn't break even."
Lots of good facts in this article. "Early board member Jim Breyer, who put in $1 million of his own money and $12.7 million from an Accel Partners fund, says that profits are 'a secondary consideration in this stage of the growth.' He wants to get a return on his investment, but he's not pushing anything now."
"Facebook has influenced Microsoft in other ways. Its new operating system, OS 7, features a list of interactions, news, and information that happens to look a lot like Facebook's news feed."
I thought Microsoft's new operating system was "Windows 7" not OS 7... ;)
Lots of good facts in this article. "Early board member Jim Breyer, who put in $1 million of his own money and $12.7 million from an Accel Partners fund, says that profits are 'a secondary consideration in this stage of the growth.' He wants to get a return on his investment, but he's not pushing anything now."