Our 1st Dedicated Facebook Article (with a hint of Microsoft)
In our first article dedicated to Facebook, Mashable reports on a recent server-upgrade that cost them US$100 Million without spending anything:
According to Business Week, the social network has closed a deal to take a $100 million loan (“venture lending”), all of which will be spent on new servers. Facebook gives up no equity as part of the deal. Essentially, it’s a really, really huge credit card, with very favorable terms. In all, Facebook has now raised in excess of $300 million, including $240 million from Microsoft, $100 million from Hong Kong billionaire Li Ka-Shing, and an undisclosed amount from the Samwer brothers.
Inquisitr (the new blog from TechCrunch’s Duncan Riley) reports on a rumor that co-founder and CTO of Facebook, Adam D’Angelo is leaving…
The reasons behind D’Angelo’s departure have so far not been disclosed, but it’s a strange move given D’Angelo’s supposed close relationship with Mark Zuckerberg; D’Angelo has been often cited as Zuckerberg’s best friend. It’s also a rare employee move away from Facebook at a time the social networking giant is attracting the cream of Valley talent.
As CTO at Facebook, D’Angelo oversaw the Platform Development team, the Data team and new product design and architecture. As well as holding a bachelor’s degree in computer science from Caltech, D’Angelo was named one of the top 24 finalists in the international Topcoder Collegiate Challenge in 2005, which competition which tests the ability to design and implement complex algorithms in a timed environment.
Duncan also reported on another potential rumour that Microsoft may be looking to buy Facebook and save face over the Yahoo deal:
A report just released by the Wall Street Journal claims the company’s bankers have been in touch with the social networking site to “gauge [its] willingness to sell.” The Journal cites the also Dow Jones-owned All Things Digital blog for first breaking the news early this morning. It does note, however, that there are no “active discussions” going on as of yet.
Microsoft already has hundreds of millions invested in Facebook. It bought a 1.6 percent stake in the company last fall. But how serious the idea of an actual acquisition could be is yet to be seen. Just today in Tokyo, Bill Gates said his company won’t go after any other takeovers following its failed talks with Yahoo. Microsoft dropped its discussions to buy the search engine over the weekend after failing to agree on a price.
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