LinkedIn founder Reid Hoffman (right) talked with TechCrunch founder Michael Arrington at TechCrunch Disrupt in San Francisco today.
(Credit: Daniel Terdiman/CNET)
SAN FRANCISCO--LinkedIn founder Reid Hoffman, one of Facebook's first investors, said today he still thinks that Facebook is probably a good investment over the long term.
Hoffman, who owns 3.8 million shares of the social networking giant's stock -- which is worth around $71.4 million at current prices -- told interviewer Michael Arrington at TechCrunch Disrupt here that despite the highly publicized plummeting of Facebook's stock since its disastrous May IPO, he thinks the company's fundamentals are strong and that it could well rebound. "I'm a big believer in Facebook's long-term position," he said. "The question is how it plays out over next year."
As someone who has made those hundreds of millions of dollars off what he said was an initial $37,500 investment, Hoffman is no doubt biased. But he told Arrington that he believes in Facebook's executive team and its "unparalleled" ability to "accomplish big things." Plus, he suggested, it's hard t... [Read more]
via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/cs-UkQ1Sjgw/
No comments:
Post a Comment