Facebook “definitely” not for sale

facebooklog1.jpgFacebook, the social-networking Web site courted by Yahoo, isn’t for sale, board member Peter Thiel tells Bloomberg.

“It’s going to remain an independent company,” Thiel said in an interview last week. “The plan is to actually build it, maybe at some point take it public, but definitely not to sell it.”

Thiel said the site is actually worth $8 billion or more, citing the site’s college-aged users, according to Bloomberg. He said the company is focused finding the best way to make money from its millions of members. VentureBeat also talked last week with Thiel and and his partner Sean Parker, who helped build Facebook, and we’re not surprised to here this. Parker is convinced that Facebook’s mode of letting its users communicate, and its social graph, is the way of the future (we wrote about his views here), so they may think Facebook is undervalued by Yahoo.

However, Facebook’s chief executive, Mark Zuckerberg, doesn’t appear as assertive as Thiel:

“We are not necessarily focused on what the exit is going to be — whether it’s selling the company or an IPO or when that’s going to be,” Zuckerberg said in an interview. “But we obviously think that there’s a lot of potential to keep growing.”

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.

  • JayDawg
    8 Billion lira, maybe.....
  • C
    of course! a company with 20 months of financial history DEFINITELY has a legit claim to say they are worth $8,000,000,000 right? Right? Uh, right?
  • B
    8 Billion for a company that has yet to generate any serious cash and could easy be deemed un-cool by its fickle user base and usurped by the next 'cool' college networking site?
  • you gotta admit that at least facebook has commitment to their entrepreneurial dreams and not just sell out at the earliest opportunity. yea, some could call that stupidity, a billion bucks and 20% of that would be really comfortable for a good life but these guys are living out their vision so lets give them credit for that..
  • Sounds like good cop/bad cop to get yahoo to pay up. I predict it does sell.
  • Michelle-
    Facebook should really sell and not turn down its offers. Its target market is very fickled. All it takes is the next 'cool' social community with a twist...and offer goes bye-bye
  • rg
    friendster lost opportunity to sell when people approached them...if facebook does same they might become future friendster (i believe facebook is smarter than friendster, they will sell by first quarter of 2007)
  • It is a nice article.
  • It is a nice article....?
  • michaelmbrooks
    Please explain???
  • michaelmbrooks
    Please explain---?
  • michaelmbrooks
    can u say more about this ?
  • michaelmbrooks
    great?
  • michaelmbrooks
    how great?
  • michaelmbrooks
    WTF LOL
  • michaelmbrooks
    Chuck Norris > All