Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, September 24, 2007

Battle of the Tech Titans

Google bought My Space. Now, Microsoft is nosing around Facebook. They want to buy a small piece, and the price they're offering puts the social networking site's value at around $10 billion. The baby-faced owner of the site thinks he'll hold out for a $15 billion price. I say, hey, what's a few billion here or there? Ah, these kids! Who would have thought a virtual kids' playground would turn so lucrative? GM's woes with the union is weighing on markets. All indexes were down for the day. DJIA -61.13 NASDAQ -3.27 S&P 500 -8.02