Microsoft buys stake in Facebook. Microsoft has paid $240m (£117m) for a 1.6% stake in
Facebook that values the hugely popular social networking site at $15bn (£7.3bn). Facebook spurned an offer from Microsoft's rival
Google, which was also keen to invest the site.
Microsoft will also sell
internet ads for Facebook outside the United States as part of the deal that took several weeks of negotiating.
Mark Zuckerberg started the online social networking site in his Harvard University dorm room less than four years ago.
[more inside]
posted by Tommy Gnosis
on Oct 25, 2007 -
114 comments
Google: the God that failed? is the title of the article on
MSN Slate. All of us know Microsoft is working on a new search engine technology. Till date everyone considers
Google to be
the Guru. MS obviously doesn't like that, so what it is doing? Well, the same thing it always does - to survive competition, eliminate it.
The reasons being given by the article are pretty silly and more aimed at 'faming down' Google.
posted by jayantk
on Jul 22, 2003 -
39 comments
Google's Larry Page sees Horatio Alger surviving on the web: "The way I judge these things is, if you have a product that's really gaining a lot of usage, then it's probably a good idea, and it's probably going to be significant. And that tends to be a metric that investors use as well. Because if it's growing naturally, it'll often continue to grow for a long time. [...] And once you have the product and people are using it, it's very easy to raise investment. " His examples are Google and eGroups. Pyra presumably spent too much money on staple-removers and post-it notes.
posted by bumppo
on Mar 13, 2001 -
9 comments
