Microsoft Corp.'s $240 million investment in Facebook Inc. -- a three-year-old company with more promise than profit -- represents a huge bet that the online advertising boom will continue and the popular social networking site will be among the biggest beneficiaries.
The software giant said yesterday that it will buy a 1.6% stake in Facebook, beating out Google Inc. after intense lobbying.
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |