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Microsoft to Pay $240 Million for Stake in Facebook
Nrbelex writes to mention The New York Times is reporting that Microsoft has beat out Google and Yahoo for a 1.6% stake in Facebook. The investment will cost Microsoft $240 million valuing the total site at somewhere around $15 billion. "The astronomical valuation for Facebook is primarily evidence that Microsoft executives believed they could not afford to lose out on the Facebook deal. Google appears to be building a dominant position in the race to serve advertisements online. Fearing it might lose control over the next generation of computer users, Microsoft has been attempting to match and in some cases block Google's plans, even if that effort is costly."
Facebook is a social networking site. Allowing you to stay up-to-date with friends and family, as well as finding new friends that fit your likes/dislikes. It also allows you to setup evites, groups, etc... very similar to the Yahoo/Excite portals years ago, where they try and make the site central to you.
As to the users that state they hate facebook.com and myspace.com.. that's exactly why I started http://friendsite.com/ kind of a mix of both... I'm just hoping that it makes me (with little finger in my mouth) 15 BILLION DOLLARS HA HA HA HA HA
What, Microsoft matching or attempting to block the plans of competitors? Nothing new from them, that's for sure!
I've said this before. No reason to go there. Never been, never will (unless I come across a link which I click and I end up there).
This "investment" is ridiculous, so I'll start with the appropriate ridicule...
Microsoft again shows that it is composed of ignorant idiots.
Often wrong but never in doubt.
I am Jack9.
Everyone knows me.
You might want to be more clear in your cryptic criticisms before you rant about people not reading comments...?
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