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Interesting story.
I would have sold. The internet community is precarious, fickle, and ever evolving. One day a company is king, the next it's in the waste basket and a new empire is on top.
But their commitment to growing the site is also noble and interesting, and it could work. Furthermore, once a site has the value that Facebook does, they too, can choose to expand their own empire, just as companies like Google have. They can sell to companies like Google and Yahoo, or they can focus on their product and also buy up other smaller valuable sites.
There seems to be a belief out there that once a site becomes popular it should sell out to a larger empire like Google. Well, why not be the next Google by buying out other sites, instead of selling out to empires like Google.
There are so many ways to think about it.
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