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smartipant

06/02/09 2:29 PM

#544 RE: BpL #543

Hi Bpl, This social networking has more value than people understand. This is the future for the advertisers. Less ads dollars will be spent but having better results are keys for this business. When MSFT invested 250mm with Facebook for 1% of Equity, this is a huge statement that the smart money already predict this is the trend in ads revenue. The 2 smartest names in TECH were fighting over that 1% tells us alot about where the industry is going, MSFT and GOOG. At that time of the Investment with Facebook, Facebook wasn't a profitable company. Bpl, just in the last 12 months, alot of traditional newspaper publishing companies have filed for bankrupties because the advertisers are moving toward the internet to sell their goods or services.