Top 10 Worst Biz Deals

#4. Microsoft Overpays for Facebook

Here we go again in technology land. Microsoft invests $240 million for a 1.6% stake in Facebook, plus the right to broker the social networking site's international ads. The deal gives Facebook an implied value of $15 billion, for a company expected to earn just $30 million in 2007 but is nonetheless considered the model website of the future. Er, wasn't that AOL a couple of years ago? Are we in 1999 again, or is Microsoft as prescient as it says it is?

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