Welcome!

Agile Computing Authors: Pat Romanski, Liz McMillan, Yeshim Deniz, Elizabeth White, Andy Thurai

Related Topics: Agile Computing

Agile Computing: Article

Facebook Valuation Hits $15BN As Microsoft Buys 1.6% Stake For $240M

The investment by Microsoft values Facebook at somewhere around $15 Billion

Launched in February 2004, Facebook is now worth $15BN - judging from the fact that Microsoft has reportedly just bought itself a modest 1.6% chunk of the company for a staggering $240M. Mark Zuckerberg, a former member of the Harvard Class of 2006, will not be short of change any time soon: as of October 2007, the website had 42 million active members worldwide and expects to pass 60 million users by the end of the year.

According to today's New York Times, "Microsoft will sell the banner ads appearing on Facebook outside of the United States, splitting the revenue with it."

"Making this investment and expanding this partnership will position Microsoft and Facebook to better take advantage of advertising opportunities around the world, and is a great win not only for our two companies, but also our collective users and advertisers," said Kevin Johnson, president of the Platforms & Services Division at Microsoft in a statement.

"We have partnered well over the past year and look forward to doing some exciting things together in the future. The opportunity to further collaborate as advertising partners is a big reason we have decided to take an equity stake, and is a strong statement of our confidence in the long-term economics of this partnership," Johnson added.

Zuckerberg's 20% stake in the company would now be worth $3BN and, despite the fact that MySpace has 110 million users, Facebook continues to be the poster child of the social networking movement. Almost 60 percent of Facebook's users are outside the U.S and currently an average of 200,000 new users register each day.

Last month the Wall Street Journal speculated that Microsoft's investment would be in return for a 5% stake, so the 1.6% figure suggests that Facebook perhaps drove a harder bargain than Redmond was expecting.

Google has yet to comment officially. 

AJAX plays its role at Facebook. Javeline for example released in July an AJAX application for Facebook using AJAX framework Javeline PlatForm and their Offline AJAX solution Javeline DeskRun. The Facebook application is called BeepMe and can be installed from http://beepme.javeline.com.

Whenever a friend is added, according to the team at Javeline, a mail is received or any of several other events a popup is displayed in the right bottom corner of the screen. The Facebook skin developed for this and upcoming applications will apparently be included in the next release of Javeline PlatForm.


More Stories By Web 2.0 News Desk

The Web 2.0 Journal News Desk keeps you up to speed with all that's happening in the world of the read/write Web and all its mushrooming new facets - from tagging, wikis, mash-ups, and image-sharing to "Advertising 2.0," podcasting, and The Writeable Web.

Comments (2) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
Houston 10/25/07 04:28:18 AM EDT

In some circles, not having a Facebook page is a bigger faux pas than offering TMI about last night's hookup.

0xdeadbeef 10/25/07 03:47:03 AM EDT

Anyone remember Friendster? Yeah, it collapsed under the weight of its users, but long before that it stopped being interesting. Orkut had the hardware and was easier to use and its discussion group features brought something new to the table, but it never went anywhere, either.

It took "gen Y", with it's comfort with the Internet coupled with a lack of sophistication regarding it, to turn Facebook and MySpace into something enduring and popular. But they're still going to get bored with it. These things are toys, and they always will be until they can become as simple and ubiquitous as email or text messaging.

At least LinkedIn, with its focus on career networking, is actually useful for grown-ups. That *might* have a future, if they can get past the creepy spammer vibe to the whole thing.

IoT & Smart Cities Stories
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...