Buying Facebook share ‘won’t help’
Buying a stake in social media site Facebook will do little to help Microsoft and will simply represent the latest unfortunate chapter in the company’s mangled internet strategy, one expert has claimed.
Vishesh Kumar, senior writer at TheStreet.com, says that any deal would be "yet another sign of desperation" from Microsoft.
The Wall Street Journal earlier this week reported that Microsoft was looking to bag a five per cent stake in Facebook, in a deal which would value the social media site at around $15 billion.
"Despite the hype surrounding Facebook, things are much less rosy for the site than is often assumed," Mr Kumar states in an article carried by thestreet.com.
"And while a move by Microsoft is seen as a bold move against Google it just shows just how far ahead the search giant is when it comes to all things internet.
"The hallmark of Microsoft’s internet strategy seems to be to throw money around," he adds.
