In October of 2007, Microsoft invested $240 million into Facebook, the booming MySpace-alternative. The purchase was for about 1.6% of the company that was believed to be the front runner to become the top social and business networking site on the internet. This week in February 2008 has proven to be a hard week for social networking platforms altogether. Several reports have been linked to users tiring of the advertising on these networks and employers have their own concerns as well. These sites tend to eat up bandwidth, consume workers’ time, and lead to sensitive information issues, all of which are counterproductive in the workplace.
Facebook had just recently taken a round of hits for releasing private information to third parties via Beacon and news is hitting the internet that M$oft Chairman Bill Gates quit using Facebook. Quitfacebook.com has popped up mocking many of the concerns that Gates and other users have been having of the site. Gates cited too many friend requests as his reason for not spending his daily 30 minutes on the site any longer. With this being right before Valentine’s Day it makes you wonder if he dumped Facebook to avoid buying a gift? I am sure we will know in a few days if they are back together or not or if this is a permanent break-up. Did the Microsoft woos to Yahoo make Facebook jealous or was Yahoo’s
initial temporary rejection too hard on Bill?