Social Applications
Facebook Worth $100 Billion?
comScore figures FB grew 21% in the US in May
Jun. 15, 2011 07:30 PM
The talking heads on CNBC Tuesday were all atwitter with the news that Facebook is planning to go public in 1Q12 at a “vertigo-inducing valuation of over $100 billion.”
It expects the social networking marvel to put in its IPO papers around October.
At the same time, Inside Facebook was talking about the incredibly sticky Facebook being unfriended by six million Americans, 1.52 million Canadians and hundreds of thousands of Brits, Norwegians and Russians last month although it did manage to add 11.8 million new users worldwide.
Facebook denies it, citing contradictory measurements.
comScore, for instance, figures Facebook grew 21% in the US in May.
Users, now reportedly totaling 687 million worldwide, are also staying on longer.
About Maureen O'GaraMaureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara
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