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Microsoft and Facebook Hook Up

Microsoft just invested $240 million in Facebook for rights to be the sole advertiser on the social networking site. Microsoft’s 1.6 percent stake would put Facebook’s valuation at $15 billion, ignoring Microsoft’s expected profits from advertising, which I am sure must have been really high, or such a huge investment would not have been approved.

Via Business Week

Facebook is visiting Columbia tomorrow!

Update: And now they have my pizza-stained resume.

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