The Associated Press reports that Microsoft may buy a stake in Facebook that would give Mark Zuckerberg’s social network at $10 billion. The stake is expected within the range of $300 to $500 million in exchange for 5 percent stake. Both parties are branding it as rumor.
Meanwhile, The New York Times reports that the New York attorney general, Andrew M. Cuomo, is investigating whether Facebook, the online social networking site, is misleading users by promoting itself as a place where high school students and younger children are safe from adult sexual predators.
Originally posted on September 25, 2007 @ 9:45 am