July 26, 2007

Facebook gets Youtube CFO

The hottest social networking site Facebook has hired former Youtube CFO Gideon Yu. He has replaced Micheal Sheridan.

The guardian says

Yu, who replaces Michael Sheridan, was the CFO of YouTube last September just before Google snapped it up for $1.65bn.

Of course this goes against the grain of Henry Blodget's theory, commenting on an interview given to The Deal.com by Peter Thiel, a Facebook investor and director.

He reckons Facebook is putting a pricetag on itself of $7bn to $10bn.