Grayling Blog

All Things Digital

Posted on 14.02.2011 by Michael Murphy

Facebook is considering allowing its employees to sell up to $1 billion in shares in an offering that would put the company’s value at $60 billion, according to the Wall Street Journal’s influential All Things Digital blog. The value is much higher than the $50 billion put on the networking site only last month. Meanwhile, estimates suggest that Twitter is now worth $10 billion. Or put another way by Ian King in The UK’s Times newspaper, that equals $105 for each of the 95 million tweets sent daily.

One could argue the sanity of such valuations but the reality is that social media grows in influence every single hour of every single day. One only has to witness the recent events in Egypt to see its growing power and influence. Expect more consolidation and giddy valuations in the months and years to come. I do not think this is another dot.com bubble.

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About the Author

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Murphy Michael

CEO
Telephone: +44 20 7932 1841
michael.murphy@grayling.com

Michael Murphy is CEO of Grayling. Prior to this role Michael was CEO of Trimedia International which merged with Mmd and Grayling to create the Grayling of today. Under his leadership, Trimedia was named Best European Agency at the European Excellence Awards 2008 and Best Multicountry Agency to Work For 2008 by the Holmes World Report.

With a career spanning over 30 years, Michael has considerable experience in handling global communications programmes in most parts of the world.

In 1993, Michael Murphy was appointed Head of Shandwick’s Hong Kong Office and, the following year, took over as Chief Executive of Shandwick’s Asian operations. He was later appointed as Chief Executive Officer of Shandwick Europe and then Deputy Chief Executive Officer of Shandwick International, with responsibility for Europe and Asia Pacific.

Michael was working for The Hatch Group, a small €6M UK PR company, when it was acquired by Huntsworth plc in 2003. The following year he led Huntsworth’s acquisition of Trimedia, kick-starting the fastest ever growth story in European PR.

Michael also chaired a joint study between the UK Government and the Chartered Institute of Public Relations (CIPR) into the future of the UK PR sector.