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?
I have been preaching and preaching about Microsoft stock and the future of this company.Â THIS IS YOUR LAST WARNING.Â Get on it.
Yes I realize that it seems already like a no-brainer and maybe not that prophetic because Bill Gates has already gotten Microsoft to such a high level of success.Â It may even sound like telling people to put money on the Bulls back in Michael Jordan’s day.
That being said, today’s news of Microsoft bidding 44.6 Billion dollars to purchase Yahoo is certainly attention worthy.Â Add that to the domination of the personal computer market over seems like they are doing better than they are Apple, the domination in the video game console war with the XBox 360, the ungodly numbers Halo 3 put up at launch, the improvement of the Zune portable media player, and most of all the wide reaching – cross-platform Live service that is bringing everything together.
Microsoft is working on making our lives as simple and connected as possible.Â I will give more on this later, but I assure you the news today is huge…Yahoo wasn’t even put up for sale and today Yahoo’s stock went up 45%.Â Wouldn’t you have loved that tip yesterday – or is that another MJ and the Bulls situation?
ps.Â Check out Wu-Tang Clan’s “Cash Rules Everything Around Me” or “C.R.E.A.M. and you will see why Bill Gates is a baller (even after stepping down).