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8:50 PM ET, October 24, 2007

Techmeme

 Top Items: 
Brad Stone / New York Times:
Microsoft to Pay $240 Million for Stake in Facebook  —  Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook.  —  The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook.
RELATED:
Ina Fried / CNET News.com:
Source: Microsoft wins Facebook bid battle  —  Update: 12:30 p.m. see bottom.  —  After weeks of speculation, Microsoft appears to have won a battle with Google over who would get a stake in Facebook, according to a source familiar with the situation.  —  Microsoft and Facebook were close to a deal, according to the source.
Wall Street Journal:
Facebook Is Close to Choosing Microsoft or Google for Deal  —  SAN FRANCISCO — Facebook Inc. is close to choosing between Google Inc. and Microsoft Corp. to sell ads for the social networking service outside the U.S., according to people familiar with the matter.
PR Newswire:
Facebook and Microsoft Expand Strategic Alliance  —  Microsoft to take equity stake in Facebook; companies expand advertising deal to cover international markets.  —  PALO ALTO, Calif. and REDMOND, Wash. /PRNewswire-FirstCall/ — Facebook® and Microsoft Corp. today announced that Microsoft …
Erick Schonfeld / TechCrunch:
Facebook Takes the Microsoft Money And Runs.  —  While the storyline would have been more dramatic if Facebook had spurned its current ad-serving partner Microsoft for Google, it is confirmed that Microsoft has won the deal.  It will invest $240 million in Facebook and expand its existing relationship …
Peter Lauria / New York Post:
ONLINE FACEOFF  —  M'SOFT AND GOOGLE DUKE IT OUT OVER HOT SITE  —  Google is threatening to once again beat rival Microsoft to the deal punch, this time in the white-hot Facebook investment sweepstakes.  —  Microsoft and Google are each vying to take a stake of between 5 percent and 10 percent …
Robert Scoble / Scobleizer:
Microsoft wins Facebook bid?  Here's the insider scoop on why...  Last night I was hanging around at the Ritz near my house.  That's where Jerry Yang, CEO of Yahoo spoke yesterday, and where the Right Media conference is going on right now.  —  I talked with several people …
Michael Arrington / TechCrunch:
Liveblogging The Facebook Press Conference  —  Facebook is holding a press conference at 2 pm PST to discuss and presumably confirm the Microsoft investment.  We'll be liveblogging the event here.  Stay tuned.  —  Press Release On The Investment: … - Sphere It -
Discussion: The Universal Desktop
Peter Kafka / Silicon Alley Insider:
Microsoft Facebook Call: Live Updates
Discussion: Valleywag
Mary Jo Foley / All about Microsoft:
Are you surprised? Microsoft beats Google with Facebook deal
Discussion: Rev2.org and CNET News.com
Larry Dignan / Between the Lines:
Microsoft's $240 million says Facebook no fad after all
Discussion: CNET News.com
InfoWorld:
Google and Microsoft slobbering over Facebook
Discussion: InfoWorld
Duncan Riley / TechCrunch:
Google Declares Jihad On Blog Link Farms  —  A major Google page rank update has punished large scale blog link farms and similar sites indulging in heavy cross linking by dramatically cutting their Google page rank scores.  —  There is some suggestion that the changes may be related …
RELATED:
Andy Beard / Niche Marketing:
Digg Favorites Slapped By Google  —  For a company such as Google with a stock price based extensively on anticipated growth and public sentiment, it doesn't take a huge swing in goodwill to have a dramatic effect on valuation.  Google has just slapped their biggest fans.
Robert Scoble / WebProNews:   Google Page Rank's Been Dead for Quite Some Time
Peter Kafka / Silicon Alley Insider:
Google's PageRank Shuffle: Big Sites Say Bye-bye, Traffic?
Discussion: Geek News Central
Nicholas Carlson / Valleywag:   Search: Is Google punishing dirty linkwhores?
Robby Stein / Official Gmail Blog:
Sync your inbox across devices with free IMAP  —  There are two online petitions I've signed in my life.  One was for a "Xena: Warrior Princess" movie.  The other, which I signed a few months before starting at Google, was for Gmail IMAP.  As some of you know, IMAP is the best way to access …
RELATED:
Eric Savitz / Tech Trader Daily:
Google Analyst Day: CEO Eric Schmidt  —  The last speaker at the Google (GOOG) analyst meeting today is CEO Eric Schmidt.  —  Schmidt says it has become clear we are at the beginning of a massive transition to cloud computing.  A global transition from one form of information sharing to another, of one form of computing to another.
Discussion: Between the Lines and WebProNews
RELATED:
Ben Worthen / Business Technology:
Is Google Causing Microsoft to Drop its Prices?
Discussion: eWEEK.com
The 463:
Hi there.  I'm the Internet.  I like romantic dinners, long walks on the beach and....  It won't make you dinner or rub your feet, but nearly one in four Americans say that the Internet can serve as a substitute for a significant other for some period of time, according to a new poll released today …
 
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 More Items: 
Matthew Moskovciak / Crave:
Samsung combo player news; BD-P2400 officially canceled
Discussion: Gadgetell
USA Today:
Readers want to know what you Digg
Discussion: 10e20
Tom Foremski / Silicon Valley Watcher:
Is GOOG Shafting Its AdSense Partners?
Business Wire:
Akamai Reports Third Quarter 2007 Financial Results
Annalise Walliker / NEWS.com.au:
Local whiz speeds up broadband by 200 times
Discussion: DSLreports
Erick Schonfeld / TechCrunch:
Social Site Rankings (September, 2007)
Discussion: Search Engine Land
Brian Bergstein / Associated Press:
Cheap laptops arrive for tryout in India
Discussion: Engadget and Gizmodo
Donna Bogatin / Insider Chatter:
Judy's Book: What's On Sale? WE ARE! Ten Reasons Why
 Earlier Items: 
Robert Vamosi / CNET News.com:
Security features expected within Mac OS X Leopard
Discussion: Infinite Loop
The Boeing Company:
Boeing Tests HALE Hydrogen Propulsion System Using Ford-Developed Engine
Discussion: Gizmodo and DailyTech
Anick Jesdanun / Associated Press:
Insider Domain Name Snatching Probed
Nicholas Deleon / CrunchGear:
Blu-ray outsells HD DVD nearly 2-to-1... then came Transformers
Discussion: Gadgetell
Justin Smith / Inside Facebook:
Breaking: Facebook Announces Facebook Platform for Mobile; Facebook for Blackberry
Jason / Signal vs. Noise:
Why Enterprise Software Sucks
Eric Savitz / Tech Trader Daily:
Google Analyst Day: Jonathan Rosenberg On Search, Apps; New Versions …