Microsoft buys Facebook stake for $240M

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  • JuiceMonkey
    Confirmed User
    • Oct 2004
    • 3581
    #1

    Microsoft buys Facebook stake for $240M

    SAN FRANCISCO - Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc.

    Culminating weeks of negotiations, the investment announced Wednesday values Palo Alto-based Facebook at $15 billion ? a stunning figure for an online hangout started in a Harvard University dorm room less than four years ago.

    Microsoft also will sell Internet ads for Facebook as the site expands outside the United States, broadening a marketing relationship that began last year..

    -
    http://news.yahoo.com/s/ap/20071024/...book_microsoft


    I guess holding out WAS worth it... well played
    ICQ: 72251955 GTalk: JuiceMonkey
    Tags: None
    • deanberkeley
      Confirmed User
      • Sep 2006
      • 634
      #2
      WOW, that is crazy!

      ICQ# 200-385-093

        Comment

        • Mutt
          Too lazy to set a custom title
          • Sep 2002
          • 34431
          #3
          Originally posted by JuiceMonkey

          Culminating weeks of negotiations, the investment announced Wednesday values Palo Alto-based Facebook at $15 billion ? a stunning figure for an online hangout started in a Harvard University dorm room less than four years ago.
          aye carumba

          it's an amazing site - talk about sticky, our models live on that site, i just go on there to see what they're up to and what it's like to be 19 in 2007. pretty jealous actually.
          I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

            Comment

            • JuiceMonkey
              Confirmed User
              • Oct 2004
              • 3581
              #4
              It's kind of nice to see google lose for once.. get some more competition into the game here.
              ICQ: 72251955 GTalk: JuiceMonkey

                Comment

                • BerdoR
                  Registered User
                  • Sep 2007
                  • 352
                  #5
                  Facebook´s current audience nearly 50 million active users
                  KingDollars.com - My galleries do under 1:400 with their granny and BBW sites

                    Comment

                    • Shoehorn!
                      Die With Your Boots On
                      • Oct 2003
                      • 22872
                      #6
                      Amazing.

                        Comment

                        • starpimps
                          Confirmed User
                          • Sep 2006
                          • 6954
                          #7
                          facebook makes ppl even dumber
                          Teen Porn Models / Solo Girls

                            Comment

                            • StuartD
                              Sofa King Band
                              • Jul 2002
                              • 29903
                              #8
                              I would never have guessed that Facebook has 300 employees... and it's insane to think that they'll have 700 employees next year.

                              That's some insane growth in 5 years.
                              This is me on facebook
                              This is me on twitter

                                Comment

                                • million
                                  Confirmed User
                                  • Apr 2006
                                  • 789
                                  #9
                                  Originally posted by BerdoR
                                  Facebook´s current audience nearly 50 million active users
                                  wow I didnt know that
                                  <sig spot goes here>

                                    Comment

                                    • LadyMischief
                                      Orgasms N Such!
                                      • Sep 2002
                                      • 18135
                                      #10
                                      Social networking is the way people do things these days, and Facebook is among the most versatile of the social networking platforms. I'm not surprised in the least.

                                      ICQ 3522039
                                      Content Manager - orgasm.com
                                      [email protected]

                                        Comment

                                        • chodadog
                                          Confirmed User
                                          • Apr 2002
                                          • 9736
                                          #11
                                          Originally posted by LadyMischief
                                          Social networking is the way people do things these days, and Facebook is among the most versatile of the social networking platforms. I'm not surprised in the least.
                                          You're not surprised in the least? A 1.6% stake at 240 million values Facebook at 15 billion dollars. That's fucking insanity.

                                          Ford is worth 18 billion. GM is worth 22 billion. You're not surprised in the least that people consider a social network website to be worth nearly as much money as two of the world's largest car manufacturers? Just under half as much as Amazon.com? A little less than a third of eBay's worth? Five percent of Microsoft's worth?

                                          I am surprised. Very surprised.
                                          26 + 6 = 1

                                            Comment

                                            • StuartD
                                              Sofa King Band
                                              • Jul 2002
                                              • 29903
                                              #12
                                              Originally posted by chodadog
                                              You're not surprised in the least? A 1.6% stake at 240 million values Facebook at 15 billion dollars. That's fucking insanity.

                                              Ford is worth 18 billion. GM is worth 22 billion. You're not surprised in the least that people consider a social network website to be worth nearly as much money as two of the world's largest car manufacturers? Just under half as much as Amazon.com? A little less than a third of eBay's worth? Five percent of Microsoft's worth?

                                              I am surprised. Very surprised.
                                              Ah, but information is power.
                                              Those car companies and even amazon have a ton of value in assets, but store very little information about people.

                                              Facebook is probably second to only wikipedia in sheer amount of information about over 50 million people.

                                              Browse a few profiles and you'll begin to realize that some of the information stored within is priceless.
                                              This is me on facebook
                                              This is me on twitter

                                                Comment

                                                • xNetworx
                                                  So Fucking What
                                                  • Jan 2004
                                                  • 14445
                                                  #13
                                                  Originally posted by Mutt
                                                  aye carumba

                                                  it's an amazing site - talk about sticky, our models live on that site, i just go on there to see what they're up to and what it's like to be 19 in 2007. pretty jealous actually.

                                                    Comment

                                                    • RawAlex
                                                      So Fucking Banned
                                                      • Oct 2003
                                                      • 9465
                                                      #14
                                                      You have to read the whole deal to understand why it is worth that.

                                                      Microsoft didn't pay 240 million for a couple of pecentage points. They paid for a couple of percentage points and pretty much ALL of the ad space rights. It is hard to evaluate the true value of facebook based on this deal because first you would have to figure out how much of that 240 million went to getting ad rights.

                                                      I am suspecting that the actual value of 1&#37; was something like 30 or 40 million (total value 3 - 4 billion) and the rest reflecting the ad deal. But for Facebook, this is a great win because now they can start selling of parts of the company for insane mega bucks because microsoft put a valuation out there for others to shoot at.

                                                        Comment

                                                        • Drake
                                                          Hello world!
                                                          • Mar 2003
                                                          • 12508
                                                          #15
                                                          Simply amazing

                                                            Comment

                                                            • tranza
                                                              ICQ: 197-556-237
                                                              • Jun 2003
                                                              • 57559
                                                              #16
                                                              That's just amazing.
                                                              I'm just a newbie.

                                                                Comment

                                                                • Rodent
                                                                  Confirmed User
                                                                  • Mar 2001
                                                                  • 1462
                                                                  #17
                                                                  People that sold myspace are kicking themselves in the nuts now...
                                                                  Choopa.com
                                                                  Colocation | Cloud Servers | Dedicated Servers | CDN
                                                                  1000 Gbps Network | NJ DataCenters

                                                                    Comment

                                                                    • DamageX
                                                                      Marketing & Strategy
                                                                      • Jun 2001
                                                                      • 14293
                                                                      #18
                                                                      Originally posted by Rodent
                                                                      People that sold myspace are kicking themselves in the nuts now...
                                                                      More like enjoying drinks in the sun on tropical islands.
                                                                      Whitehat is for chumps

                                                                      If you don't do it, somebody else will - true story!

                                                                        Comment

                                                                        • OzMan
                                                                          Confirmed User
                                                                          • Sep 2003
                                                                          • 9162
                                                                          #19
                                                                          Originally posted by Rodent
                                                                          People that sold myspace are kicking themselves in the nuts now...
                                                                          no they are paying an assistant to kick them in the nuts but yeah, pieces of the pie would have been even better.

                                                                            Comment

                                                                            • Vitasoy
                                                                              GFY HALL OF FAME DAMMIT!!!
                                                                              • Oct 2003
                                                                              • 58202
                                                                              #20
                                                                              Damn.. never knew face book was worth that much


                                                                              [email protected]

                                                                                Comment

                                                                                • After Shock Media
                                                                                  It's coming look busy
                                                                                  • Mar 2001
                                                                                  • 35299
                                                                                  #21
                                                                                  MS already has more than enough data on more than 50 million users, they just have umm how do you say... no legit way of using it without getting into trouble. For the most part mass amounts of data has been collected but never really attached to any particular person just groupings er random percentages and crap. Alas this would give them some mighty good cover to use information for once and to target the living hell out of those via advertising. Expect MS ppc to really reflect the sale soon. *all info is not from some source at MS, it is meer speculation and guessing

                                                                                  PS. Everyone, even MS knows the company as a whole is not worth five percent of MS value. MS also is and has had a huge cash abundance issue like Google. *repeat disclaimer.

                                                                                  [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                                                                    Comment

                                                                                    • gecko
                                                                                      ******
                                                                                      • Jun 2002
                                                                                      • 21846
                                                                                      #22
                                                                                      the owner is 23yr old too.. I mean o snap
                                                                                      [email protected]

                                                                                        Comment

                                                                                        • Violetta
                                                                                          Affiliate
                                                                                          • Jul 2004
                                                                                          • 28735
                                                                                          #23
                                                                                          wish I was the owner of facebook
                                                                                          M&A Queen

                                                                                            Comment

                                                                                            • Kevsh
                                                                                              Confirmed User
                                                                                              • Dec 2004
                                                                                              • 8619
                                                                                              #24
                                                                                              People still haven't learned any lessons form the dot-bomb back in the late 90s. $16 billion for a site that makes no income, has no known business model and will almost certainly be passe by early 2009.

                                                                                              And now if Microsoft's actually involved in the site, you can expect things to stop working too....

                                                                                                Comment

                                                                                                • yys
                                                                                                  Confirmed User
                                                                                                  • Aug 2001
                                                                                                  • 1922
                                                                                                  #25
                                                                                                  Originally posted by Kevsh
                                                                                                  People still haven't learned any lessons form the dot-bomb back in the late 90s. $16 billion for a site that makes no income, has no known business model and will almost certainly be passe by early 2009.

                                                                                                  And now if Microsoft's actually involved in the site, you can expect things to stop working too....

                                                                                                  Some of the numbers i've seen floating around for facebook revenue in 2008 are in the 1 billion range and '09 over 1.5 billion.

                                                                                                    Comment

                                                                                                    • StuartD
                                                                                                      Sofa King Band
                                                                                                      • Jul 2002
                                                                                                      • 29903
                                                                                                      #26
                                                                                                      Originally posted by Kevsh
                                                                                                      People still haven't learned any lessons form the dot-bomb back in the late 90s. $16 billion for a site that makes no income, has no known business model and will almost certainly be passe by early 2009.

                                                                                                      And now if Microsoft's actually involved in the site, you can expect things to stop working too....

                                                                                                      Makes no income and has no business model? Where do you get this from?
                                                                                                      This is me on facebook
                                                                                                      This is me on twitter

                                                                                                        Comment

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