Is Facebook losing Face?
Facebook, the trendy college social networking site, is on the block for $2 billion, according to Business Week, while passing on a $750 million offer. “I think they should have taken the $750 million,” says Om Malik. Why? Well, Facebook’s stats “are stagnating like my new year resolution to lose 50 pounds” and “the company is considering opening up its network to the non-core audience,” which would dilute brand.
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