Weekend reads

1. Germany: The credit is not flowing. (FT)

Anton Börner, BGA president, told the Financial Times that “for middle- and long-term credit we already have significant difficulties”. Even for short-term credit, he expected banks to “exert massive pressure on borrowers”.

2. Again Germany and this is no surprise: The 13 billion Euro (in German) strong infrastructure economy kick-in-the butt-wake up investment program does not get out of the blocks. That is small wonder as it takes a long time until it gets actually to a shovel and an earth mover.

3. Sir Allen Stanford: What, me guilty?? (VF)

4. Michael Jackson-o-rama (CW) RIP

5. Get MS shit at a discount. (FT)

6. Facebook and the love for Asian pussy. Zuckerberg’s hand on the leg of her …

7. Now that’s adventure tourism: pirate hunting (H/T Dealbreaker)

How about a BJ before we go public?

Kids will be weeping, befrienders will continue to pester strangers pretending to care, parents relieved, most won’t care. Mark „Hoods“ (S)Zuckerberg let it slip that going pubic, eh public is still „a few years out,“ and he reiterated the validity of his deluded 50 billion valuation.

„Some of the rumblings that people are reporting on, are just different conversations that have happened, but there’s really nothing new to talk about there,“ says Zuckerberg. „If there’s an investment to be done on very good terms, we will consider it if for no other reason than to have more buffer if we want to do something in the future.“

(hat tip The Deal)

Losing your CFO in a pre-IPO

flux situation such as Facefuckbook seems to be perennially in – just keep on dreaming  FB – is about as much fun and as reassuring as finding out 2 days before your wedding that you lost your testicles. Yeehah.

Enough said about da FB. Get me oudda here.

Facebook diskontiert sich selbst

Oh mein Gott, Facebook. Das Tool der gepflegten Langeweile. 15 Mrd. $ wert. Nein, doch nicht, ganz leicht weniger. Nun, eigentlich 3,7 Mrd. und fallend! Das ist ein Verlust von 70%.

Unbedingt dies lesen und dies.

Alexander, Marc and Oliver Samwer zerlegten inzwischen ein paar Möbel in ihrem Büro. Die Jungens, die sich im Copy-USA-Companies Geschäft befinden gründeten vor ca. 2 Jahren den ‘european f(L)ounders fund’ und investierten eine nicht genannte Summe (man nimmt an 100-150 Mill. $) in einem geistig umnebelten Moment als in den USA schon das Lachen über die abstruse Bewertung von Facebook Runde machte. Damit ist ihr Investment auf ca. 30-37 Mill. geschmolzen und fallend.

Facebook IPO? Eher geht Bin Laden zum Vatikan.

Hau Freunde raus bei Facebook für einen Whopper

Cooler Deal bei Burger King:

Hau 10 Freunde raus bei Facebook und du bekommst einen Whopper.

Mach Geld mit Facebook. Rs. 60 für dein Profil.

Nie so richtig gewusst, wozu Facefuck, äh, Facebook gut ist ausser zur Zeitvergeudung?

LONDON: A probe by security experts has revealed that cyber criminals tend to work up a fortune by selling stolen Facebook profiles for an amount as low as 89p. 

According to Trend Micro specialists,hackers break into social networking accounts to steal personal information of users to sell them off to criminal groups who then use the details to send „spam“ messages to million others. 

The wrong-doers tend to send an invitation to account holders to view videos or pictures of family and friends, which on being clicked allow access to the victims’ computer, reports the Sun. 

The computer is then infected withspyware to obtain a copy of their keystrokes the acquisition of which can allow access to secret information, such as passwords, bank details, and other personal fields.

————

Wieviel ist ein StudiVZ Profil wert??? 12 Rabattmarken bei Schlecker?

Es ist raus, Facebook kurz vor going public.

Facebook verschludert die Email Settings von etlichen Usern. Eindeutiges Zeichen, dass hier die letzten hektischen Vorbereitungen zum Going Public anstehen. Zu, eh, 15 Milliard…, halt, der firmeninterne Ticker sprang gerade Richtung 21 Milliarden Hank Paulson Pounds. Die Samwer Brüder erhöhten daraufhin ihr Investment. Prost!

Valleywag: It’s on an O’Reilly blog, so it must be true: Facebook has lost some users’ email settings. The company had to send them an apology, and a request to reset things. Let me explain in sysadmin jargon: That’s fucked. Not because Facebook’s engineers failed at Backups 101, but because by now the Marketing department has figured out they can reset all our email preferences to „Spam Me Like Crazy“ by pretending to lose them again in January. Laugh while it’s still funny.

In das Szenario passt auch dies:

Facebook Gets SEC Stock Exemption

The social networking giant received a waiver from the Securities & Exchange Commission so it can keep handing out equity to new employees

Go to the story: http://www.businessweek.com/technology/content/nov2008/tc20081120_566312.htm?campaign_id=alerts

Faceberg macht Vögelangebot

„See the arrow, that’ll be the performance of our 35 billion stock offering in, eh, uhm, 2011, about.“

Marc, No Profits, Zuckerbook sieht immenses Symbiosepotential und bietet 500 Millionen $ für Twitter. Twitters Businessmodel ist einfach bestechend und würde genial zu dem von FB passen: no Profits und eine Burnrate, die Red Adair erblassen lassen würde.

Twitter weist brüskiert ab. Kurzer Realitycheck, ist da ‘ne Finanzkrise von Dolly Parton Proportionen oder über was reden diese Blasebälge?

SA: Facebook offered to buy Twitter for $500 million of overvalued Facebook stock, Kara Swisher says. Twitter rejected the offer for several reasons:

• At Facebook’s real valuation, $5 billion or so, the offer only amounted to $150 million (not bad for two-year old company with no revenue, but a far cry from the billion-dollar dream)
• Twitter has high hopes for its own secret revenue model which will be announced next year.
• Twitter’s investors aren’t stupid: They wanted cash. Facebook presumably doesn’t have that much cash to spare.

Kara Swisher:

The $500 million offered was in an all-stock form, said sources on both sides, at the $15 billion valuation that came from the Microsoft investment in the company last October.

The Twitter side felt that figure was inflated and the shares should be valued at the lower figures that have also been reported for Facebook’s true valuation, more in the $5 billion range.

That would have given the deal a $150 million price tag, which was seen as too low, especially since it was in Facebook stock and not cash.

In fact, Twitter wanted cash, which was not possible for Facebook, or Facebook stock at an even lower valuation that $5 billion.

But, said several sources close to Twitter, the primary reason for not selling was because its board simply did not want to yet or perhaps ever.

Said one source: ‘The question is, is it really a good idea to sell on the first chance you get?’…

‘It’s more about timing,’ said one person familiar with Twitter’s motivations. ‘There is a strong feeling that there is still an opportunity-even with the economic downturn-to blow this thing out.’