network
The one thing that's interesting about Facebook is that it's really a framework in search of a purpose. What's not interesting about…
More Investor Cash for Facebook... Yesterday we learned that Microsoft bought 1.6% of Facebook for $240 Million. Today there is another large investment - it’s been rumored that Facebook got an additional $500 million from two New York hedge funds.
So, after weeks of speculation, Microsoft won the battle over Facebook, with Google second, and Yahoo embarrassingly nowhere to be seen.
It’s been so long since I’ve done a Goofus and Gallant post that I’ll remind everyone we point to marketing and PR stories that demonstrate how to and how not to.
Forget about the $15-billion valuation for a moment — which I admit is difficult to do, since it amounts to about 100 times the company’s estimated annual revenue, a bubblicious multiple by almost any definition (Google is currently trading at about 14 times sales).
With Microsoft buying a portion of Facebook, it’s only appropriate that tonight’s Windows Vista Sidebar Gadget is a Facebook one.
