As web legend Andreessen joins Facebook we ask what happens next?

by Davey Winder

Tuesday, 01 July 2008

Page 2 of 3 "I know Marc will be a great mentor to me and our leadership team” Zuckerberg says. Certainly if and when Facebook moves out of private ownership, having someone like Andreessen on board is not going to do any harm whatsoever. His experience with the biggest of Internet businesses is hard to beat, even if the Netscape story did not have a happy ending. For his part, Andreessen says that it is an honour to join the board of such an innovative company as Facebook. "I’m looking forward to helping the team as Facebook continues to grow" he said, perhaps another hint towards possibly taking the business public? Zuckerberg founded Facebook while still at Harvard, in a scenario that has echoes of the Bill Gates story. Initially limited to just Harvard students, it soon became so popular that other Ivy League schools were allowed to join in. Only fairly recently were the doors thrown open to anyone over the age of 13, and this propelled Facebook into the websites and services super league. With in excess of 80 million members, and the kind of public profile most online businesses can only dream about, Facebook is a hot property. So hot that Microsoft acquired a small $246 million (AUD $257 million) stake in 2007, giving it a 1.6 percent share of Facebook. What is the real value of Facebook, and is it positioning for a dotcom bubble bursting sale? Read on to find out... CONTINUED << First page <   1 2 3 Next page > Last page - Post your comment >>

 

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