Top Items:
MEETblog:
Facebook Rumors: Making Friends with More investors — Two hedge funds from New York have apparently jumped into the Facebook deal.We've got our ear to the ground to figure out who it is but each put in about $250 million—for $500 million total—at the same valuation as Microsoft Corp.
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Matt Asay / The Open Road:
Microsoft on Facebook: The internal memo from Kevin Johnson — Microsoft just bought a small stake in Facebook for $240 million (more than Facebook's 2006 revenues, which is interesting) on a $15 billion valuation. Kevin Johnson, president of Microsoft's Platform and Services Division …
Discussion:
Digital Daily, Mercury News, Seattle Post-Intelligencer, Wall Street Journal, Valleywag, Business Week and CNET News.com
Steve / The Secret Diary of Steve Jobs:
Oh snap! Faceberg raises another $500 million — Word up. Hot on the heels of the big investment by the Borg only a few hours ago, Facebook has now landed another $500 million from two hedge funds in New York. At the same $15 billion valuation. It is on, people.
Discussion:
Technology Live, ParisLemon, How To Split An Atom, Valleywag, IP Democracy, Silicon Alley Insider and Mashable!
Peter Kafka / Silicon Alley Insider:
Facebook Raises Another $500 Milion — Forbes' Elizabeth Corcoran, reporting from the magazine's MEET Conference in L.A., says Facebook raised another $500 million yesterday in addition to Microsoft's $240 million. The money is supposed to have come from two NYC-based hedge funds …
Erick Schonfeld / TechCrunch:
Facebook Taps Into Hedge Funds For $500 Million More? — Consider this a rumor at this point. Forbes' Elizabeth Corcoran is reporting that two NYC hedge funds have each matched Microsoft's investment in Facebook for about $250 million each, at the same $15 billion valuation.
Michael Arrington / TechCrunch:
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet Company — Yesterday came news that Microsoft invested $240 million into Facebook, valuing the company at $15 billion. — How much is $15 billion? It's hard to understand how much money that really is.
Sue Polinsky / Download Squad:
At the Top of Google — I haven't met two small business owners in a meeting where one doesn't ask how to get his or her site to the top of the Google search results list. There are transparent reasons for wanting to be first: you get more clicks, your business seems important …
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Stuart Elliott / New York Times:
Yahoo Executive Joins Nintendo — Nintendo of America is underlining its commitment to trying to broaden the market for video games beyond the traditional younger, male player by hiring a sales and marketing chief with extensive experience with mainstream brands.
Dan Goodin / The Register:
More gnashing of teeth after Microsoft update brings PCs to a standstill — Resource-hogging search app sprung on reluctant admins — Something seems to have gone horribly wrong in an untold number of IT departments on Wednesday after Microsoft installed a resource-hogging search application …
Discussion:
WSUS Product Team Blog, All about Microsoft, BetaNews, Hardware 2.0, Sadjad's space, David Arno's Blog, David, Zoli's Blog and Slashdot
Paul Stokes / Telegraph:
Oink founder: We're just like Google — An IT consultant suspected of operating one of the world's biggest pirate music websites from a Middlesbrough bedsit said he had done nothing wrong. — Alan Ellis, 24, was arrested on Tuesday as part of an Interpol-led operation to shut …
Bill Ray / The Register:
How many $$$s does Apple make from an iPhone? — Apple's figures came out on Tuesday, revealing that all is going well in Cupertino, but analysts crawling over the details are trying to work out if they reveal anything else besides - such as the revenue cut Apple is getting from every iPhone in use.
Discussion:
Bits
Larry Dignan / Between the Lines:
BEA: We're worth $21 a share — BEA Systems' board of directors says it will negotiate with Oracle-or other third parties-with opening bids at $21 a share, $4 a share higher than Oracle's current offer. — For those keeping score at home. Oracle made its offer Oct. 9 and the two have been volleying letters ever since.
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Andy Beal / Andy Beal's Marketing Pilgrim:
Why Microsoft Needed Facebook & Google Didn't — So, after weeks of speculation, Microsoft won the battle over Facebook, with Google second, and Yahoo embarrassingly nowhere to be seen. While it may seem that Google's lost momentum-by not partnering with Facebook-I see it more as a sign that Microsoft knew Facebook was its only hope.
Discussion:
InsideMicrosoft
Mike Masnick / Techdirt:
An Open Letter To Jeff Bezos: Please Stop Pissing Off People Over Amazon Prime — from the pretty-pretty-pretty-please dept — Back in May, we tried to alert you to a serious customer service problem that your company is facing concerning the way you are marketing Amazon Prime.
Guardian:
Google Earth used to target Israel — Palestinian militants are using Google Earth to help plan their attacks on the Israeli military and other targets, the Guardian has learned — Palestinian militants are using Google Earth to help plan their attacks on the Israeli military and other targets, the Guardian has learned.
