Steve Ballmer calls social networking a fad

Posted on Friday, Oct 05 2007 @ 08:25 CEST by Thomas De Maesschalck
In an interview with Times Online, Steve Ballmer spoke out about social networks like Facebook:
“I think these things [social networks] are going to have some legs, and yet there’s a faddishness, a faddish nature about anything that basically appeals to younger people,” Mr Ballmer told Times Online yesterday.

The remarks follow reports last week that the Microsoft boss, who has committed himself to stir up Microsoft’s lacklustre share price by extending the group’s online presence, is weighing up taking a stake in Facebook that could value the social networking site at $10 billion (£5 billion).

Mr Ballmer would not comment on Microsoft’s talks with Facebook but did suggest that he could see value in the Facebook brand and the “network effects” – or community – the site has built up by accruing more than 40 million users in the three years since it start.
Source: Times Online.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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