Facebook sale rumor false; confirmed by spokesman
By: Daniel Silva
Issue date: 4/14/06 Section: News
Originally published: 4/14/06 at 12:46 PM EST
Last update: 4/14/06 at 12:45 PM EST
Originally published: 4/14/06 at 12:46 PM EST
Last update: 4/14/06 at 12:45 PM EST
Joyce said that Facebook hits an important target market for many companies.
"High school and college students are the people who in the next five years are going to be buying their first car or furnishing their first apartment," Joyce said. "They want to be able to advertise to this group because they realize if they can get a hold of them now, they can get a hold of them forever."
Students commented on the success of online communities and the possible sale of Facebook.
"Well, I'm glad people can turn a profit from their online communities," said Eric Jupina, a sophomore majoring in information systems. "It's just like Web sites, the more hits a Web page gets, the more people are viewing it, and that means there's a larger audience for advertisement.
"In theory, that's pretty solid, but I've never clicked on one of those advertisements in my life. The more clicks that advertisements get that are on the side of the page is what determines how much the advertiser pays the webmaster. Most of the time, this is just abused by people who click over and over on these, with no intention of buying, to jack the profit. In that sense, it's pretty hard to accurately judge how much a community or Web site is worth and they are almost always inflated."
"Two billion is possible, but I think they will probably sell for at least one billion," said Jordan Greene, a sophomore majoring in business. "It started as an only college thing and hit every college, and now it's spreading to high schools. Just about everyone you ask knows what it is."
"High school and college students are the people who in the next five years are going to be buying their first car or furnishing their first apartment," Joyce said. "They want to be able to advertise to this group because they realize if they can get a hold of them now, they can get a hold of them forever."
Students commented on the success of online communities and the possible sale of Facebook.
"Well, I'm glad people can turn a profit from their online communities," said Eric Jupina, a sophomore majoring in information systems. "It's just like Web sites, the more hits a Web page gets, the more people are viewing it, and that means there's a larger audience for advertisement.
"In theory, that's pretty solid, but I've never clicked on one of those advertisements in my life. The more clicks that advertisements get that are on the side of the page is what determines how much the advertiser pays the webmaster. Most of the time, this is just abused by people who click over and over on these, with no intention of buying, to jack the profit. In that sense, it's pretty hard to accurately judge how much a community or Web site is worth and they are almost always inflated."
"Two billion is possible, but I think they will probably sell for at least one billion," said Jordan Greene, a sophomore majoring in business. "It started as an only college thing and hit every college, and now it's spreading to high schools. Just about everyone you ask knows what it is."
