I won't even attempt to add to the crushing mountain of news articles and blog items (not to mention twitters) on Microsoft's deal to invest $240 million for a 1.6% stake in Facebook, except to speculate that a whole lot of testosterone was excreted over the past few days as Google and Microsoft went mano-a-mano to get their hands on a tiny sliver of the hot social networking meteor.
But, Fake Steve Jobs (aka Forbes journalist Daniel Lyons) is reporting that on the heels of this insanely hyped deal, Facebook has raised an additional $500 million from two hedge funds in New York. Despite the satirical nature of the blog, this looks real.
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. No word on which hedgetards are involved but again let me say: Faceberg, you are some kind of wonderful. I mean it. Wow. Much love.
If you are already overwhelmed by the endless coverage of Facebook, you're going to collapse under the weight of the collective frenzy that will ensue if FSJ is right.
Cynthia Brumfield at 11:59 PM|Comments(0)
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