Facebook at $15B Valuation, Microsoft Chips In

Yes I'm behind - traveling back from Orange County and LA was exhausting with all the fire and burning going on.  I was not that close to the fire, but seeing the smoke circles going up both in Irvine and in the Valley was sad and horrifying.

So I'll have some blogging to do, but this one is hot off the press...  The official press release is out.  Microsoft invests $240M in Facebook for 2% of the company.  I guess Google did Facebook some good.  The bidding landed Facebook a great valuation, and Microsoft was not in the auction to lose.  But then hey, as somebody said, Microsoft has the money in the bank and $240M to them is just "rounding error".