Editore"s Note
Tilting at Windmills

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

September 24, 2007
By: Kevin Drum

WHAT DOTCOM BUBBLE?....The Wall Street Journal is running a blurb claiming that Microsoft is in talks to purchase Facebook for $10 billion. Just thought I'd pass that along for all you Facebook fans out there.

UPDATE: Apparently they're in talks not to buy Facebook, but to buy a 5% stake in Facebook that would implicitly value the company at $6-10 billion. Duly noted.

Kevin Drum 2:45 PM Permalink | Trackbacks | Comments (11)

Bookmark and Share
 
Comments

access to almost all students and many others who just graduated. microsoft is getting it on the cheap.

Posted by: ben on September 24, 2007 at 2:54 PM | PERMALINK

They already have access to these people. They are already Microsoft users. They are trying to out bid Google and Yahoo for this web property.

A fool and his money.....

Posted by: GregR on September 24, 2007 at 3:11 PM | PERMALINK

Why would the dotcom bubble happen just once?

There were multiple railroad bubbles in the 19th century.

Colin

Posted by: Colin on September 24, 2007 at 3:23 PM | PERMALINK

maybe microsoft would like to buy my web site.i'd given them a nice deal. lot cheaper than facebook.

Posted by: mudwall jackson on September 24, 2007 at 3:26 PM | PERMALINK

You know, there's nothing worse than being on the outside of the bubble looking in.

Facebook gets its billions, and I have my moral purity.

Some consolation prize, you know?

Posted by: frankly0 on September 24, 2007 at 3:47 PM | PERMALINK

Actually, Microsoft is in talks to buy up to 5% of Facebook for $300-$500 million, which would place the overall value at close to $10 billion, they aren't actually putting up $10 billion.

From TFA... "If successful, Microsoft's talks with Facebook could give it an up-to-5% stake in the closely-held startup—a stake potentially valued at roughly $300 million to $500 million, the people familiar with those talks said."
http://online.wsj.com/article/SB119065193646437586.html

Nothing to sneeze at of course, but not really the same thing.

Posted by: eric on September 24, 2007 at 3:52 PM | PERMALINK

There were thirty million active users of Facebook as of July. At $10 billion, that's about $333 in value per user. That's pretty high just for advertising access, isn't it?

Posted by: harry on September 24, 2007 at 5:07 PM | PERMALINK

Thought I was in touch, but guess not. What's Facebook?

Posted by: Howard on September 24, 2007 at 6:31 PM | PERMALINK

There are bubbles throughout this economy ...

The question is will Bernanke embark on another 'Greenspan put ' or clean up this mess with a 'Volcker Purge'

Republicans are desperate to push this economic debacle into the next Administration JUST LIKE THE IRAQ WAR!

Democrats need to demand reinstatement of Glass Steagle and other legislation to bring the situation under control ...

Posted by: Michael McKinaly on September 24, 2007 at 8:29 PM | PERMALINK

As soon as Microsoft owns part of Facebook it will be renamed MicroFace. Instead of getting straight to your home page or profile you will see a little jumping dog who says "Whose Face Would You Like to See Today?" and opening a Facebook page will result in 3/4 of your browser window being covered with a screen that says "Getting Started With MicroFace."

Posted by: Tim Morris on September 24, 2007 at 10:56 PM | PERMALINK

Just so long as Rupert doesn't buy facebook; myspace lost all its cool when that happened.

Posted by: Disputo on September 25, 2007 at 3:20 PM | PERMALINK




 

 

Read Jonathan Rowe remembrance and articles
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

Advertise in WM



buy from Amazon and
support the Monthly