INTSo essentially we have 11 million unique users in 9 months, Facebook took 3 years for 15 million users.
Assuming we say FB didn't grow because less ppl on Internet in 2006 and let's say we max out at only 15 million unique users.
If Microsoft was willing to value 50 million users at $15 billion - they were giving Facebook $300/user.
We are growing faster than Facebook and have 11 million users now or 1/5 let's say of 50 million users. Let's also assume we get NO premium for growing faster than the biggest social media bell-weather of the past decade (which is ridiculous).
At 1/5 of a $15 billion valuation we are valued at 20% of $15 B or $3 billion currently.
Based on 125 M shares oustanding and a current market cap of $125 million just at $1, a valuation of $3 billion would give us a price of $23.00 a share or more!!!!
Let's be ultra conservative here and say Microsoft was crazy to make that offer and should regret it - despite the fact they've made 300% on their investment in 3 years including advertising revenues.
So Microsoft paid too much and way TOO much for 1.6% stake in Facebook, let's say they should have only paid 1/5 of that or valued Facebook at $3 billion based on 50 million users.
A $3 billion dollar valuation translated to us is 1/5 or $600 million - that's $5 a share and that's ultra conservative as we've knocked 80% of Microsoft's valuation for Facebook at the time.
Thanks for the find, will not be letting go of any other shares.
Here till buy-out or $5.