FACEBOOK $750 MILLION?... WHATEVER

Chatter today about BusinessWeek's article on Facebook. Supposedly they passed on a $750 offer. If they did, they are right up their with Friendster passing on Yahoo!'s offer. I'm guessing the $750 million is a bogus deal used to drum up interest.

CNET has a summary of blogosphere comments here. Om has comments here and TechCrunch has comments here.

What should a company pay for access to almost every college student in the U.S.? Will their presence stay strong within this age group? Will it continue to grow like MySpace, especially after piggybacking off a media empire like Fox? Can they expand into other age groups? Eyeballing... I'd say $400 million :)