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.
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!