A follow on from yesterdays post it has been confirmed that Microsoft has invested $240 million investment in Facebook Inc. Microsoft said that it will be buying a 1.6% stake in Facebook Inc valuing it at $15 billion. Facebook is only 3 years old and the investment is based on potential rather than proven profits however the investment has secured Microsoft as the advertiser on the site until 2010 for both US and Abroad, and Facebook is expected to generate a revenue this year of $150 Million.
Similar Posts
News | Security | Social Media
Google+ is shutting down following massive data leak
While millions of companies have been desperately trying to make their website GDPR compliant one of the biggest tech companies of them all has fallen foul of one of the biggest no-nos within the GDPR. A software vulnerability within Google+ exposed hundreds of thousands of users to a data leak during the period of 2015 and 2018 which…