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Facebook Stake Purchased By Microsoft

Thursday, October 25th, 2007
Posted in Uncategorized by Joel Gross

Microsoft got ripped off, investing $240 million dollars in Facebook and only getting a 1.6% stake in return. The deal values Facebook at $15 billion. Mark Zuckerberg, the 23 year old owner of a 20% stake, is now worth about three billion dollars. Hot damn, I need to get my own business going at a much faster rate. I love seeing success.

On another note, remember the huge deal where Rupert Murdoch purchased MySpace in 2005 for $580 million? What looked like a rip off then now looks another brilliant maneuver by a media titan.

One thought on “Facebook Stake Purchased By Microsoft

  1. No matter how much negativity people focus on Rupert Murdoch, the man proves to be iron clad in his successes. There’s a reason Fox, despite their negative reputation, continues to be the number one network on Television. Bow down to Rupert!

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