Day: October 1, 2006

  • How much is Xanga worth?  As far as I know, Xanga has never sought or accepted venture capital nor has it made a public offer of stock.  So, its actual 'worth' is probably just speculation.  But other social networking sites like Xanga exist and a little more is either known or has been speculated about their worth.  Let's take a look:

    "Facebook, which now has more than 7 million registered users, recently received $25 million in venture funding from Greylock Partners, of San Mateo. The valuation for the private firm was $550 million, a source close to the deal told me. Viacom Inc.offered Facebook $750 million for the entire company earlier this year, according to the source. For Facebook's right to maintain its independence, a half billion dollar valuation is just fine. What does that say about Internet valuations? They remain high."

    - MarketWatch April 19, 2006
     

     
    "In Japan, MySpace would have to take on Mixi, a two-and- a-half-year-old social networking site with more than five million members. Mixi had a spectacular stock market debut this month, with the company's valuation hitting nearly ¥220 billion, or $1.8 billion, on Sept. 15." 

    - International Herald Tribune Business Sep 24, 2006

     

    "Rupert Murdoch's News Corp. bought MySpace for $580 million. At the time, many laughed. Now RBC Capital markets analyst Jordan Rohan said MySpace might be worth $15 billion in three years.

    There's the $800 million acquisition offer from Yahoo that Facebook reportedly rejected, the $2 billion Facebook wants and the $25 million in venture capital Facebook got from Greylock Partners in April."

    - internetnews.com Sep 29, 2006

     

    When Xanga was recently fined $1 million by the FTC for violations of the Children's Privacy Act, several of you wondered if Xanga could come up with the money or if it was even worth that much.  Well, all I know is that Xanga agreed to the settlement and I doubt it would go bancrupt without a crying-bloody-murder fight.

    So could Xanga be 'worth' $500 million?  $1 billion?  Or more?

    I measure its worth in the friends I've made 'here', the inspiration they have provided, and the lovin' times that they've shared with me. And that's something that can't ever be evaluated by economy.

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