In the past couple of hours, a story that originated at the WSJ has gotten the entire TechMeme-fueled blogosphere in a tizzy. The story asserts Microsoft’s interest in acquiring a stake of Facebook, which would lock in some advertising dollars and send the valuation of FB to roughly $10(ish) billion dollars (which in a completely unrelated twist is the amount of money the US government claims illegal workers somehow “cost” California each year. I’m in a little bit of a funk about the immigration process these days, so sorry for the bizarre display of cynicism). Here’s a little snapshot of TechMeme:
Now for some quotes from the article:
could value Facebook at $10 billion or more, according to people familiar with the matter.
Google Inc. has also expressed strong interest in a possible Facebook investment, said people familiar with the matter.
a stake potentially valued at roughly $300 million to $500 million, the people familiar with those talks said.
The people familiar with the matter said that the discussions are still preliminary and Facebook could wind up not taking an investment from either Microsoft or Google.
A Facebook spokeswoman and spokesmen for Microsoft and Google declined to comment.
Uh… hmm. First, maybe we can get the article’s authors a thesaurus (I hear they’re online now!) and find at least one other phrase for “people familiar with…” Second, how do we know this is news? Don’t get me wrong, I believe it’s a possibility, but I’d certainly like to get some substantiation here. I’m a little surprised that this has so much attention at this stage (from Valleywag, Mathew Ingram, TechCrunch, Scoble, Om Malik, etc).
I’m also a little surprised that there was virtually no impact to Microsoft’s stock.
ps – don’t forget, the Sony SZ-VGN460N laptop is still one of the worst laptops on the market and even though that has nothing to do with my post, I’m still so unbelievably angry at Sony that I’m keeping the theme alive. Don’t buy it!
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Once again, you are the voice of reason..and I love the ongoing Sony rant. 🙂