Facebook founder Mark Zuckerberg had
a good news, bad news, kind of day.
Rumors of a potential investment from
Microsoft for a piece of the company
would give it a valuation in the $10
billion range.
A Reuters report on the rumored deal
suggested that Zuckerberg would want
an investment to place Facebook's valuation
in the $15 billion neighborhood.
The two companies have an existing
relationship. Microsoft provides advertising
on Facebook, a deal that looks like
a toe dipped in the water compared to
the splash a few hundred million investment
dollars will make.
That's the good news.
The bad news comes from Albany, where
Cuomo has reviewed the solicitations
profiles set up by his department on
Facebook have received. Cuomo's office
created "profiles" of 12 to
14 year old users as part of their investigation.
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