Facebook Rumored To Be Looking For Funding At $5-6 Billion Valuation (techcrunch.com)

"According to the New York Post, which tends to be a bit sensationalist at times..."

Pot, kettle. Kettle, pot.

Good luck with that. I don't see Zuck staying on as CEO through another big financing round (especially at a valuation they like) unless they find an amazing revenue generator quickly. With so much foreign growth these new users are nothing but a cash drain. Cash they don't have.

The combination of Facebook, Funding and TechCrunch in this submission makes me reach for the flag button. It's little more than gossip.

This is a big drop from the valuation that Facebook spokesmen quite recently claimed was the minimum reasonable valuation (about $15 billion).