The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook. The investment values the three-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion.
Well, there's the "WTF were they thinking??" .com boom 2.0 insane valuation investment that I've been waiting for. That makes it official. Welcome to boom 2.0.