in Rant, X-Geek

Facebook’s worth fifteen billion? I think not.

Okay, that’s it. Money truly doesn’t mean anything anymore. Its all paper, worthless paper. I learned today that Microsoft just paid $240 million for a 1.6% share in Facebook.

Facebook, for crying out loud! And Microsoft’s quarter billion got them less than two percent of it!

I’m all for people being rewarded for their innovations, but Facebook is just another stupid social networking site. Where’s the lock-in? What’s to keep the next fad-du-jour from suddenly stealing their users? Remember Friendster? Yeah, I didn’t think so.

Give it up to Facebook CEO Mark Zuckerberg for hoodwinking Ballmer on this. He’s pulled off the con of the century.

  1. I think we should start a site called, fad de jour…

    I wonder how the probabilities work out. Take the cost of creating a a web environment, reacting to unexpected load and compare that to a trip to Vegas or lottery tickets. I wonder if the pocket books of an aging behemoth like Microsoft is any more or less capricious than ordinary games of chance.

  2. MS paid $240 million own the ad platform for Facebook. The ownership thing is spin. $240 million may or may not be a good deal for that. Nobody will know until after the fact.

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