Here’s the One Facebook Investor Which Gets NO Respect
If you own or owned shares in social networking giant Facebook, you get crazy respect. Or do you?
There’s one large Facebook investor which has NOT been able to draft with the LinkedIn (NYSE:LNKD) and Yandex (NASDAQ:YNDX) IPO crazes: Microsoft (NASDAQ:MSFT). Yep, despite Microsoft getting far ahead of the curve and taking a $240 million equity stake in Facebook when it was worth a paltry $15 billion in October of 2007, NO ONE is bidding up Microsoft shares on intensifying chatter of a white hot Facebook IPO.
But they should. Facebook is possibly worth north of $100 billion now. That means Microsoft (NASDAQ:MSFT) pulled a ~10x return on their money, making their stake in Facebook worth ~$2.4 billion.
Microsoft is definitely not a growth story. We all know the company suffers from some unbelievable bureaucratic ills. However, you have to credit the hotter brands XBox, Bing and, YES, Facebook. It’s time to give credit where it’s due.
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