I have always been an advocate of rich multimedia applications, motion graphics, and video ever since I started to develop for the Internet in 1995. I will give a brief history that will illustrate the importance of Flash and its contribution to the web and cross-platform presentations and why Apple’s fight with Adobe is really, an Apple fight with Google.
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Facebook’s common stock is now changing hands in private sales at about a $4 billion valuation, a source says (unconfirmed). And Facebook CFO Gideon Yu is indeed trying to raise money in Dubai, the source says (also unconfirmed).
As we all know, Microsoft, Li Ka-shing, and some German investors paid a $15 billion valuation for some preferred stock last fall. Importantly, this preferred stock takes precedence over the common: Microsoft will get its $250 million back before common shareholders get a cent (common shareholders will get to split up what’s left). So it is inaccurate to say that Facebook’s valuation has fallen from $15 billion to $4 billion. More
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