posted by Lucy on Aug 13
Microsoft has bought a share of Facebook which is sure to upset Google.
The deal is worth £120 million which has allowed Microsoft to buy 1.6% of its stock and also when you consider the business has not made any money yet and is less than 4 years old that’s not a bad result for Facebook.
Kevin Johnson of Microsoft said
“this is a strong statement of confidence in this partnership and in facebook”.
Facebook in the meantime hopes to use advertising to increase the number of traffic to its site allowing friends to connect to each other through messaging, facebook is still behind MySpace but due to it growing faster it hopes to overtake soon.
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