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This year’s rankings include a broad spectrum of characters—some fictional—ranging from Iraqi Shiite cleric Muqtada al-Sadr to rapper Jay-Z to Mark E. Zuckerberg, the former member of the Class of 2006 who founded Facebook...
Students who spend hours looking at profiles on Facebook.com—the popular social networking site founded at Harvard—can now employ their stalker talents to follow the 2008 presidential election. Facebook and ABC News have recently added a new feature to the Facebook application “U.S. Politics,” in which 13 ABC reporters will regularly update their Facebook profiles with news and videos about the presidential candidates they tail. Facebook and ABC News also announced on Monday that they would co-sponsor two presidential debates in New Hampshire on January 5, only...
...addressed to me specifically. Their subject lines begin with brackets, indicating that they come from one of the dozen or so organizations to which I, as a Harvard student, am duty-bound to devote my spare time. Some of them are from my classes. Still others are from Facebook. At most one—Widener Library, informing me that my copy of “There’s Not a Bathing Suit in Russia” is overdue—was actually intended for me, and I accidentally deleted it. So what is it about Harvard and e-mails...
There is no guarantee, however, that people will embrace the advertising models that Facebook and MySpace are pushing. "How do you serve up ads in such a fashion that your young, hip audiences aren't turned off by it?" asks venture capitalist Jim Timmins of Pagemill Partners. Google faced these same worries in 2004 when it launched context-sensitive ads inside its e-mail program Gmail. When the company went public later that year, skeptics voiced similar concerns about the viability of an ad-supported model for its search engine. Google now trades at more than $600 a share...
Which brings us back to the real question: Is Facebook worth $15 billion? If it goes public sometime next year, as is widely expected, potential investors need to ask, "How big can Facebook grow?" says Internet analyst Bob Peck of Bear Stearns, who pegged Facebook's value at $6 billion in August. "You want to buy low expectations," says David Trainer, president of the business-valuation firm New Constructs. Google went public amid widespread skepticism, but Facebook has been anointed by its boosters as the next Google, despite MySpace's bigger audience and deeper pockets. As is always the case...