Saturday, September 6, 2008

Education

Newsflash: Facebook Is Worth a Lot of Money

September 26, 2007 05:50 PM ET | Alison Go | Permanent Link

Former Harvard student and Facebook founder Mark Zuckerberg is having a really good week. Rumor has it that Microsoft is considering buying a 5 percent stake in the site, worth $300 million to $500 million, valuing Facebook at $10 billion or more, the Harvard Crimson writes. Microsoft's offer is more than 10 times the value of Yahoo's from last year, but not everyone is impressed. One critic, who questioned the company's history regarding intellectual property, unappetizingly described Microsoft as "being greasy all over."

Tags: Microsoft

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About The Paper Trail

Being a college graduate and all, writer Alison Go is uniquely qualified to sift through thousands of student newspaper headlines every day to bring you the latest, most important, or just plain weirdest news from campuses across the country. Heard bigger news or a crazier story? Send tips to papertrail@usnews.com.

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