By Michal Lev-Ram
SAN FRANCISCO - Last year Facebook CEO Mark Zuckerberg showed up at the Web 2.0 Summit in sandals and dodged questions about Microsoft’s then-rumored $240 million investment in the company.
This year, he showed up in tennis shoes and told the crowd of techies that Facebook doesn’t need any more funding, despite recent rumors that the Palo Alto-based social networking site is looking to raise another round of financing. Zuckerberg also said that instead of a hiring freeze or layoffs (which have plagued many local companies in recent weeks), Facebook is actively looking for more “really good technical people.” The company currently has about 700 employees.
Microsoft’s (MSFT) infusement of cash brought Facebook’s valuation to $15 billion late last year, shocking many in the industry. Web impresario John Battelle, who interviewed Zuckerberg on stage, asked the young CEO if he thought Microsoft is happy with the price they paid.
“The deal [...]
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