Financial Situation Not Dire at Facebook
This morning I posted about Mike Arrington’s article suggesting Facebook is almost in dire straits. At the time I suggested that things may not really be that bad and based on most reports, they aren’t. This afternoon Facebook contacted Venturebeat with a comment on the story:
As a matter of policy, we don’t comment on market speculation or rumor about our finances. Facebook is well-positioned both financially and within the market and any thoughtful attempt to model our business should reflect that.
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