p2pnet news view | Advertising:- Is social advertising company Fa$ebook in trouble?

It’s been, “holding exploratory meetings with private-equity firms about raising another round of funding, but the two sides are $3 billion apart on what the popular social-networking Web site is worth,” says the New York Post, going on:

“Multiple sources close to or involved in the situation” said Fa$ebook has held “valuation discussions” with “Providence Equity Partners, General Atlantic, Bain Capital, Kohlberg Kravis Roberts and others”.

The sources “described the process as informal — no term sheets have been drawn up, for instance — and more opportunistic on the part of Facebook than anything else,” says the story.

But no worries, apparently.

In an interview with Bloomberg, “Facebook Chief Operating Officer Sheryl Sandberg essentially confirmed the situation, says the New York Post, quoting her as saying:

“We absolutely do not need to take money.

“We might take money, but it doesn’t mean we need to.”

Well, that certainly clears things up.

“Sources said that Facebook would indeed ‘take money,’ to use Sandberg’s vernacular, if it can get a valuation in the $5 billion to $6 billion range.”

Now you know.

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New York Post – Face(Book) Value, April 30, 2009