Microsoft and Facebook hopping into bed together?
Social networking is all the rage. You can’t seem to even have a conversation anymore without someone asking if you blog, are on MySpace or Facebook. News Corp, who was scrutinized for spending $580 million on MySpace a couple years ago, now look like geniuses for having gotten on board in the beginning. Now, the Microsofts of the world want a piece. Word on the street is that they’re willing shell out serious dough for a small piece of the social net giant Facebook, as in, 5% for somewhere in the $300-500 million range. And that’s just to get their foot in the door. Should the purchase go through, it would value Facebook at around $10 billion. This, of course, makes those of us who didn’t create a social network in our dorm room with a couple buddies feel utterly ridiculous.
Wow if facebook is worth 10billion imagine what myspace is now worth. Rupert is the fuckin man!
would it be good to buy some stocks somewhere?
The man? Nobody sees anything wrong with a man who controls so much of the media and who is able to exert so much political influence having control of a social network as big as myspace?
I am really happy about this. I don’t really care about social networking. I am just happy that if someone makes an application that is really worthwhile it will pay off in the end. Look at Myspace,Youtube,Facebook,and Google there all billion dollar companies now.