Wednesday, October 24, 2007

Microsoft's $240 Million Facebook Profile

Settling a bidding war between software giants Microsoft and Google, Facebook sold 1 1.6% stake to Microsoft for $240 million. The deal, announced today is the latest of high-stakes banters for dominance in the online advertising space.

What does this mean for Facebook users?

Hopefully... not much. Longtime Myspace users recall the plastering of FOX property ads for their TV shows and movies after that social networking site was picked up by the same parent company. Will Microsoft influence Facebook beyond banner advertising? Will today's news stunt Facebook's growth? Stay tuned...

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