CNBC interviews Valleywag editor on a Facebook IPO

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Owen Thomas

07/12/07 12:21PM

Filed to: instant replay

If you missed our saturation coverage of all things Facebook, here's a nice recap. CNBC's Melissa Francis quizzes yours truly on the scandal about "Valleyfreude," the IPO-promoting video by Facebook employee Randi Jayne, the sister of CEO Mark Zuckerberg: (Video by CNBC)

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edlee Owen Thomas 07/13/07 08:49AM

@Figaro: ahhh - the quickest way to become a millionaire: become a billionaire and play the stock market.

10bn is a hell of a lot of market cap - especially considering yearly revenue of between 100-175m (i guessed it at around 150m here . It's a huge multiple, by any standards (especially comparing to GOOG's 26 P:E ratio...

If i could get in before the institutional investors, the initial jump would be worth it, but after that, i'm just not sure if i could absorb the loss...

Figaro Owen Thomas 07/12/07 10:01PM

@edlee: What is should debut at... hmmm... it depends on the volume of shares. My guess would be that they're shooting for around $10B market cap.

Should you buy? Well... how much money do you have? Could you absorb the loss?

KevinL. Owen Thomas 07/13/07 04:34AM

I hope they go public, that way we can see the Web 2.0 IPO market. I predict they'll start strong, but eventually come back down to earth. Too much buzz, equals inflated stock for an unproven money-maker.

DaveMcClure500Hats Owen Thomas 07/18/07 01:59AM

ValleyWag is on CNBC?

ok i take it back... it *IS* Bubble 2.0!

;)