Friday, October 26, 2007

Even Microsoft doesn’t value Facebook at $15 billion

facebook.jpg

So there’s been a lot of junk written about Microsoft valuing Facebook at $15 billion dollars. That’s a really great story - the only problem is that it’s not even remotely true.

Tech Soapbox explains it. Yes, Microsoft spent $240 million and got 1.6% of Facebook - but what everyone seems to be missing is that in addition to that the ad relationship was expanded and extended to 2011.

Via (ForeverGeek.)

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