Version: 2008
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Comments on: More cash for Facebook?

Accel Partners tells The New York Times that a fresh $480 million will go toward the creation of a late-stage venture fund. The money might be for Facebook.

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by DavidKirkpatrick December 11, 2008 9:25 AM PST
Caroline-- From all that I can tell, Carlson, whose post is receiving far more attention than it deserves, was connecting dots that mostly weren't there.

I'm curious, since you're a professional journalist who I respect: Why do posts like that receive so much attention these days? Is it merely because they are sensationally citing supposedly new information? Do you yourself actually think it possibly true that, as Carlson says, "Facebook needs a hero. And it's gotta be soon." ?
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by humanssssss December 11, 2008 10:05 AM PST
Doubt it if facebook valuation is at $15B. The company has no revenue model that's sustainable. Facebook is fad. I use tagged.com nowaday.
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by skoaljohn December 11, 2008 10:09 AM PST
Facebook should go foward and conquer with more cash if investors are willing.
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by metaprinter December 11, 2008 1:14 PM PST
What are facebook's costs and revenues?
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by hminaya December 11, 2008 5:17 PM PST
When will facebook actually make more money than it spends...
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CNET News' Caroline McCarthy is a downtown Manhattanite who believes that, despite popular opinion, the Web can actually help your social life. She's happily addicted to fun social-media tools from Twitter to Yelp to Facebook, sends an inordinate number of text messages, and has a tendency to waste time at the office reading restaurant blogs. Here, she explores all facets of the Web's gregarious side, as well as the unique tech culture in her home city of New York. (Don't call it Silicon Alley.)

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