When Facebook went public, it didn’t quite do as well as expected and come August 16th, companies will be allowed to dump their Facebook stock.
It seems Microsoft doesn’t want to jump off the Facebook bandwagon just yet, seeing their 1.7 percent ownership of the company (26.2 million shares) as a strategic investment, not a short-term cash cow.
The top executive of Netflix, who is also a board member, apparently has also purchased several shares of the company.
It would seem not everyone is ready to give up on Facebook. What would you do if you had shares in Facebook?
Personally, I’ve made the leap over to Google Plus (check out Geeks Are Sexy on Google+ here). Social networking is being done right over there, and I reckon that’s the future, since Google is supported by all its other products, you’re not going to be flooded with ads on Google+. I could go on for hours…