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tbd how the overall Microsoft/Facebook relationship will change tomorrow, when Facebook may have a market cap of ~50% of Microsoft’s
“At the high end, Facebook could be valued at up to $104 billion, which means Microsoft could see its original investment in Facebook grow in value from $240 million to up to $1.6 billion.
Microsoft, which now has a 1.8 percent stake in Facebook, is also planning to offer 6.6 million of its 33 million shares in the IPO. If valued at the high-end estimate of $38 per share, that means Microsoft would make some $250 million.
Not bad for what was a relatively small investment, for Microsoft, back in 2007.”
Microsoft poised to reap rewards from Facebook IPO… Continue reading: Microsoft poised to reap rewards from Facebook IPO | Business & Technology | The Seattle Times
IPO different — in many ways
“Carrying on in the esteemed tradition of Facebook hackathons, there will be an all-nighter on Thursday at the company’s Menlo Park headquarters that culminates with CEO Mark Zuckerberg ringing in the NASDAQ bell ahead of the company’s much, much, much anticipated IPO.”
Sleepover Time! All-Night Hackathon Precedes Facebook IPO At Headquarters | TechCrunch
Continue reading: Sleepover Time! All-Night Hackathon Precedes Facebook IPO At Headquarters | TechCrunch
Intro paragraph from an intriguing Facebook snapshot
“In 2006, when he was 22, Mark Zuckerberg gave up writing computer code to focus on managing his rapidly growing startup. Like Jim Brown retiring from football at 29 or E.M. Forster abandoning the novel in his forties, the prodigy who programmed the very first version of Facebook was walking away from his transcendent talent. Or so it seemed. A few years later, Zuckerberg began setting annual tests of discipline for himself, vowing to wear a tie to work every day in 2009, learn Mandarin in 2010, and personally kill any animal he ate in 2011. Earlier this year, unbeknown to all but a few friends and co-workers, he gave himself a… Continue reading: How Mark Zuckerberg Hacked the Valley – Businessweek
Snapshot of a relatively small but innovative collaboration/social business competitor
“There are a few players in the business collaboration space, but up-and-comer Convo continues to broaden its offerings, making it a service worth looking at before making a big decision of what your team is going to select.
We’re big fans of the service previously known as Convofy, and it’s something we use every day here. Today, Convo announced an Android app to go along with its previously release iOS version and it’s pretty sweet, along with an upcoming Group Chat feature that looks fantastic.”
Convo Adds Group Chat and Android App
Continue reading: Convo Adds Group Chat and Android App [TNW]
Burying the lede?
“He also said the depiction of him in the movie “The Social Network” was distorted. “It was more art than documentary,” he said. As to his purported betrayal by Mark Zuckerberg, chief executive of Facebook, the dramatic core of the movie, Mr. Saverin said: “There was no burning there. Mark is a phenomenal guy.”
More than anything, he said, he would like to get his head around his wealth. (He planned to quietly watch Facebook go public Friday — which will be the middle of the night in Singapore — with just a few friends around, he said).”
A Facebook Co-Founder Reflects on the Path Forward – NYTimes.com
Continue reading: A Facebook Co-Founder Reflects on the Path Forward – NYTimes.com
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