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Thursday October 25, 2007 11:22 am
Microsoft Scores With Facebook
Take that, Google! Microsoft has managed to one-up Google by investing $240 million for a 1.6% share in Facebook. It also has the rights to sell ads on the site outside of the U.S. Some experts say that they are hoping that the company will expand and become a “hub” for its various Net applications. So far, Facebook has about 50 million subscribers and claims that it receives 250,000 new ones every day. Microsoft hopes that it will reach a forecasted 300 million. We figure that MS is partying hearty over this one since Google beat them out last year with its acquisition of YouTube.
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| Reuters
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