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3:45 PM ET, October 25, 2007

Techmeme

 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.
RELATED:
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.
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 …
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.
Nick / Rough Type:
The "$15 billion" nonsense  —  So Microsoft, under fierce pressure …
Discussion: Profy.Com and CNNMoney.com
Owen Thomas / Valleywag:
Stats: Facebook slashes its growth rate
Megan McCarthy / Valleywag:
Jackpot: Mark Zuckerberg, the $5 billion man
Discussion: Mark Evans and Digg
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 …
RELATED:
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.
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 …
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.
RELATED:
Business Wire:
BEA Board Sets $21.00 Per Share Value Position
Discussion: Tech Trader Daily
Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull####  —  It's amazing.  A fake blogger, Fake Steve Jobs, reports that PodTech is closing down.  This is total, 100% bull####.  Not even deserving of a response.  I'm not leaving PodTech.  When, er if, I am you'll read it here on my blog.
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
Lawrence G. Roberts / Internet Evolution:
Routing Economics Threaten the Internet  —  The Internet has some major problems.  The big one involves the cost of supporting the amount of content and services being supplied over the Internet infrastructure.  And if it's not fixed soon, the expansion of Internet traffic could outrun our ability to pay for it.
Discussion: DSLreports, WinBeta and FierceVoIP
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
 
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 More Items: 
Ben Worthen / WSJ.com:
Is Google Causing Microsoft to Drop its Prices?
Stefanie Olsen / CNET News.com:
Google's Cerf: Deep space Web decades out
Mike Masnick / Techdirt:
An Open Letter To Jeff Bezos: Please Stop Pissing Off People Over Amazon Prime
Frank Ahrens / Washington Post:
Apple in a Fight for Rights to TV Shows
Discussion: iLounge
Darren Murph / Engadget:
Psion Teklogix launches rugged iKon PDA phone
InfoWorld:
NEC launches fastest vector supercomputer
Discussion: Engadget
Martin LaMonica / CNET News.com:
Adobe Creative Suite 3 sales 'on fire'
Discussion: Macsimum News
Staska / Unwired View:
APPLE'S TOUCH SURFACE KEYBOARD WITH TACTILE FEEDBACK
 Earlier Items: 
Guardian:
Google Earth used to target Israel
Thomas Ricker / Engadget:
Wal-Mart now selling Toshiba's A2 HD DVD player for $198?
Discussion: CyberNet, CrunchGear and BetaNews
Comcast:
Comcast Reports Third Quarter 2007 Results
Chris Soghoian / CNET News.com:
Congressman to Comcast: Stop interfering with BitTorrent
Richard Waters / MSNBC:
Google bullish on advertising system
BBC:
Virtual worlds threaten 'values'
Discussion: Wonderland
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?