Internet

Microsoft’s Call on Skype: Profits, $0; Value, $8.5 billion

A million years ago, Microsoft was a late arrival to this thing called the Internet. And it seems that the company has never ceased trying to play catch up in the various business segments the web has spawned. Search, games, email, commerce, news, advertising, social networks—you name it and the warriors of Redmond have been chasing …

Remember News Corp.’s Brilliant MySpace Buy?

Just as the valuation of Facebook crossed the $50 billion mark, its once great rival MySpace was revealing a different set of numbers: MySpace axed half its work force, some 500 jobs. MySpace’s owner, News Corp. may have had enough the social networking business. At Time’s parent, Time Warner, we know all about what happens when a …

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