Is Google going to drop $2 Billion on the Facebook? No Way!
Wednesday, March 29th, 2006According to Reuters, Google is raising $2.1 billion in a new stock offering by offering to sell 5.3 million shares of what was not so long ago the hottest stock out there. Now, as soon as I found out about this, the first thing I thought was, how in the hell is Google going to spend another $2 billion? Rob Hof over at Business Week thinks that maybe it could be to buy Facebook, which supposedly turned down $750 million and is seeking $2 billion. Now, the numbers do match up as far as Google having $2 billion and Facebook wanting $2 billion, but what would the real motive be?
