So Microsoft is taking the leading Nasdaq index to new highs, on what technicians might term a flag pole formation. It looks very bullish here (charts). But forget all that for a moment. The real story here is Facebook.
It was just at web 2.0 that Microsoft's Ballmer talked about acquisitions,
Ballmer half-jokingly said the purchases will range between 50 or 100 million to a couple hundred million each. He also offered up his e-mail address (steveb@microsoft.com), inviting entrepreneurs to pitch him any products they may want to sell.
The problem... Microsoft has a real challenge to find 20 companies a year that match their .NET religion. Most of the web world is not .NET.
"We will buy smaller companies. We will buy smaller companies that make some use of open source software," he said. "We don't want to discourage people who would talk with us just because they do some open source."
Facebook expects this year to break even on a cash-flow basis, with revenue of $150 million, according to people familiar with the matter. It plans in coming weeks to unveil its own online-advertising system that would let advertisers place targeted ads based on the personal information posted by Facebook users.
The high valuation increases the worth of the stakes held by Facebook's current investors. According to people familiar with the matter, Chief Executive Mark Zuckerberg owns roughly 20% of Facebook, while, among its investors, Accel Partners owns about 11%, Founders Fund owns about 5%, and Greylock Partners and Meritech Capital Partners own about 1.7% apiece.
That makes Mark worth 3 Billion, a billion for every year he's worked on this project.
Name: Oscar Toscano for IP MicroMedia Home: Southern California, United States About Me: New Media business Executive building disruptive media systems Visit my Personal BLOG
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