The interesting bits:

• The Twitter would have been for $500 million, mostly in options at an $8-$9 billion valuation of Fbook, keep in mind when employees were allowed to their internal sale, it was for way less than half of that ($2-$4 billion)

• Thiel fleshes out more of what Andreessen had said to Charlie Rose:

“We’re also focused on getting the product right,” says Thiel. “Getting ads right—that’s not the top user demand.”

Thiel says Facebook could generate more revenue by flooding the site with more ads but the company believes that this would alienate users.

• Facebook doesn’t need more money, apparently the $500 million they got from Microsoft and that guy in Dubai, or whatever, was enough

Having half a billion dollars in your back pocket kind of makes the necessity of being cash positive unnecessary though, I guess. I’m still curious as to how long they have where, while only running the shitty CPC ads, they can still keep growing their employee count.

Surely they’re still trying to sell lots of ads and thus why they’re hiring for so many sales positions, right?