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Sunday, March 29, 2009

Facebook Woes

Not good when its from Gawker, is it? You have the traffic and not the doe?
clipped from gawker.com

Facebook's Cash Crunch

The more users Facebook attracts, the more money it spends — and it's not making it up in volume. That's why Facebook CFO Gideon Yu is reportedly on the hunt for more financing.
And the company is still not profitable.
Last fall, Yu was also looking to sell shares in Facebook to investors in the Persian Gulf.
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