If you think election promotional items are a recent invention, you would be surprised to know that as far back as the 1800s, presidential nominees used 8-foot-tall burning torches in their political rallies. Some political wannabes even went as far as adding their names to juice cans! Even cigarette packs, nylon stockings, women’s brushes, sewing boxes, and parasols were not spared as campaign giveaways.
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Election Shirts, Promotional Election Giveaways
Facebook is borrowing $100 million to accommodate growth on the site. The money, from venture loan firm TriplePoint, brings the amount raised to around $350 million.
The site has grown quickly and needs around 50,000 more servers to handle the load. Facebook has over 70 million active users and around 109 million monthly visitors.
According to Business Week, Google and Microsoft need a lot of server space. Google has at least a million servers and adds 500,000 per year. Microsoft is adding 200,000 servers per year.
While Facebook keeps expanding, their revenue is rumored to be at about break even. Last year they were said to bring in $150 million and plan to double that figure this year. They have more than 500 employees.
Here’s a short history of Facebook investments:
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Facebook Borrowing $100 Million for More Servers
Well, that SOMETHING has finally happened, but no one is really willing to be much more specific than that. However, anonymous sources who apparently don’t know enough to give a hard number (or don’t want to get in trouble) say that Microsoft has increased its bid for Yahoo.
The AP reports that Microsoft’s price will now exceed its original offer of $44.6 billion ($31/share). Microsoft had lowered the offer to $42.4 billion, and its exact value has fluctuated with stock prices. However, Yahoo stockholders were rumored to be holding out for at least $35/share. Analysts have long predicted that the deal would come once the price came into the $32-35/share range.
Yahoo’s stock price has steadily risen over the course of the day as rumors have persisted that a Microsoft and/or Google deal was imminent.
The New York Times, who originated the story, has a more mixed verdict:
Microsoft, which had threatened to abandon its bid, has increased its offer “by several dollars” per share, one of those involved said.
A deal, however, was not close Friday night, these people said.
Insiders caution that a deal is not a foregone conclusion, but it seems that both sides want to avoid a hostile takeover. Microsoft’s move looks like a clear indicator of that.
News looks as though it will drag on through the weekend. Y’know, if not for the rest of our natural lives.
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Microsoft Raises Yahoo Bid