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A recent article from The Seattle Times was reporting Microsoft buys 1.6 Percent Facebook for 15 billion.  Some said Microsoft is not very smart to spend these kind of money to buy 1.6% of facebook.  My thought was that Microsoft needs to increase its advertising exposure.  Microsoft is looking after that 50 million users that are currently on facebook.  I would think this is a right move for Microsoft to buy a tiny piece of facebook.

The Seattle Times wrote as follows:

Microsoft is paying top dollar to outbid its chief rival for a key piece of online-advertising real estate: leading social-networking site Facebook.

In a deal that’s reminding some people of the late 1990s dot-com bubble, Microsoft will pay $240 million for 1.6 percent of Palo Alto, Calif.-based Facebook, the companies said Wednesday. That implies the three-year-old, privately held company, which has yet to turn a profit, is worth $15 billion.

Microsoft beat out at least one other suitor — widely reported to be archrival Google — to become the exclusive, global provider of banner advertising sales on Facebook until 2011. In August 2006, Facebook selected Microsoft to provide advertising just in the United States.

Click on this link to see full story.

I was just reading newspaper the other day from Vancouversun newspaper.  An article was about a lady was came up with an idea of starting a online fitness community.  She has ambition that the website can become another Youtube.com or Myspace.com.  That’s not a bad idea to start a company like this. 

Gimme20.com is a health and fitness community that provides collabrative tools and support for achieving a healthy body and mind.

Reuters via Yahoo publishes:

Retailers are gearing up for sharply higher online holiday sales this year, rushing out promotions earlier and luring new customers with free shipping offers.
They hope to capture the business of busy people like mutual fund manager Sasha Kostadinov, who will turn to Amazon.com Inc. for gifts this year instead of searching in Cleveland stores.
“You’re finding more and more online that you never thought you would,” said the Shaker Investments money manager and retail analyst, who plans to buy fancy food items and perfume online. “It’s a one-stop thing.”
Some 20 percent of companies expect online holiday shopping to soar more than 75 percent this year over last year’s sales, according to a survey performed BizRate Research.

MICHAEL LIEDTKE wrote from Myway Report

SAN FRANCISCO (AP) - Google Inc. (GOOG) snapped up YouTube Inc. for $1.65 billion Monday in deal that catapults the Internet search leader to a leading role in the online video revolution. The all-stock acquisition unites one of the Internet’s marquee companies with one of its rapidly rising stars.

The price makes YouTube, a still-unprofitable startup, by far the most expensive purchase made by Google during its eight-year history.

Although some cynics have questioned YouTube’s staying power, Google is betting that the popular Web site will provide it an increasingly lucrative marketing hub as more viewers and advertisers migrate from television to the Internet.

“We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers,” said Eric Schmidt, Google’s chief executive officer.

YouTube will continue to retain its brand, as well as all 67 employees, including co-founders Chad Hurley and Steve Chen.

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