Facebook gets ker-ching from Ka-shing

November 30th, 2007

Another $60 million to be exact from a Hong Kong Billionaire called Li Ka-shing. With a name like that it sounds likes it’s April Fools…. apparently not.

He is the 9th richest man in the world and has an estimated wealth of $23 billion, so this is like loose change. Here’s the fella on the right, although i cant’ work out what his expression is; strained or happy? and check out those gigs, thats real old school.

My question is why has he done this? I’m still struggling to see how he and Microsoft can make their money back before the cycle of people jumping networks every 18 months kicks in.

Initial testing of the new facebook SocialAds system has showed great targeting potential but low interaction from users, add to that the amount of porn spam that i’ve been seeing lately and it’s a shaky start.

Perhaps i’m completely missing the point and he just wants to make more friends, can’t wait to see his status update “Li Ka-shing is hoping facebook makes some money after dropping $60m on it”. Searches for his facebook profile are through the roof right now, so he’ll be getting spammed to high heaven with friend requests (if it really is him) and i vote he uses this as his profile picture.

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Entry Filed under: facebook, Social Media, Microsoft