Wednesday, October 24, 2007
MS and FB today announced a deal wherein MS is going to pay $240 for a 1.6% stake in Facebook. I especially love the last quote in this New York Times story: "Mr. Lorenzen and other Silicon Valley investors are often dismissive of MySpace, Facebook’s larger rival, which has more than 110 million active users and is owned by the News Corporation. “MySpace is not based on authentic identities. Facebook is based on who you really are and who your friends really are. That is who marketers really want to reach, not the fantasy you that lives on MySpace and uses a photo of a model,” he said."