Chernin: We’re Worth More Than Facebook’s ‘$15 Billion’
Peter Chernin did a video interview with FT.com, and made a slightly mischievous remark which other press will take as gospel: “I have a healthy level of respect and paranoia for Facebook. Competition is a very valuable thing. In most countries, we continue to outgrow Facebook. We [MySpace] are worth significantly more than they are. I think they’re worth at least $15 billion (he said with a mischevious smile). I don’t think they are for sale....MySpace and Facebook are doing fairly different things. MySpace is much more of a discovery platform, while Facebook is much more of a utilitarian platform for connecting with people you already know.” More on the interview later.