Comments on: Facebook ain’t worth what it used to be: probably never was http://tech.blorge.com/Structure: /2009/02/12/facebook-ain%e2%80%99t-worth-what-it-used-to-be-probably-never-was/ Technology news Sun, 22 Nov 2009 16:15:02 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Gareth Powell http://tech.blorge.com/Structure:/2009/02/12/facebook-ain%e2%80%99t-worth-what-it-used-to-be-probably-never-was/comment-page-1/#comment-159085 Gareth Powell Sat, 14 Feb 2009 17:52:16 +0000 http://tech.blorge.com/?p=12732#comment-159085 The Dowload Squad writes: 'It looks like Microsoft has beat out Google in the bidding war over a stake in Facebook. But while we had been hearing that Microsoft had been looking for a 5-10% stake in the $300-$500 million range, the company is instead spending $240 million on a 1.6% stake in Facebook. 'The deal gives Facebook a valuation of $15 billion, even though the company only made about $150 million in revenue this year.' And TechCrunch (http://www.techcrunch.com/2008/11/14/the-very-curious-microsoft-facebook-user-data-relationship/)tries to solve the situation. With no success. So, yes, you are totally correct and I am slightly shamefaced. But the relationship between Microsoft and Facebook is far larger than the raw figures suggest.Thanks for your note. Journalists need to be smartly corrected every now and again. You did it with style. The Dowload Squad writes: ‘It looks like Microsoft has beat out Google in the bidding war over a stake in Facebook. But while we had been hearing that Microsoft had been looking for a 5-10% stake in the $300-$500 million range, the company is instead spending $240 million on a 1.6% stake in Facebook.
‘The deal gives Facebook a valuation of $15 billion, even though the company only made about $150 million in revenue this year.’
And TechCrunch (http://www.techcrunch.com/2008/11/14/the-very-curious-microsoft-facebook-user-data-relationship/)tries to solve the situation. With no success. So, yes, you are totally correct and I am slightly shamefaced. But the relationship between Microsoft and Facebook is far larger than the raw figures suggest.Thanks for your note. Journalists need to be smartly corrected every now and again. You did it with style.

]]> By: Gareth Powell http://tech.blorge.com/Structure:/2009/02/12/facebook-ain%e2%80%99t-worth-what-it-used-to-be-probably-never-was/comment-page-1/#comment-159084 Gareth Powell Sat, 14 Feb 2009 17:45:08 +0000 http://tech.blorge.com/?p=12732#comment-159084 You are right. That implication is there. Due to hurried editing. My apologies. I have now made it very plain. Thanks. You are right. That implication is there. Due to hurried editing. My apologies. I have now made it very plain. Thanks.

]]> By: Jason http://tech.blorge.com/Structure:/2009/02/12/facebook-ain%e2%80%99t-worth-what-it-used-to-be-probably-never-was/comment-page-1/#comment-159056 Jason Sat, 14 Feb 2009 15:09:36 +0000 http://tech.blorge.com/?p=12732#comment-159056 You do realize that Microsoft only bought a 1.6% stake in Facebook right? Your article implies that Microsoft bought it outright. http://news.bbc.co.uk/2/hi/business/7061042.stm You do realize that Microsoft only bought a 1.6% stake in Facebook right? Your article implies that Microsoft bought it outright.

http://news.bbc.co.uk/2/hi/business/7061042.stm

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