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Google

Google Wave Creator Quits, Joins Facebook 191

srimadman found an interview with Wave creator Lars Rasmussen where he talks about his recent decision to join Facebook, leaving Google behind. Apparently getting personally pitched by Zuckerberg helped. He says, "I've got a job description of 'come hang out with us for a while and we'll see what happens,' which is a pretty exciting thing." The article talks about Big vs Small companies, and notes that about 20% of Facebook's staff are former Googlers.
Microsoft

Three Reasons Microsoft Paid So 'Little' For Facebook 155

An anonymous reader writes "Microsoft's $240 million investment is much smaller than the rumored $750 million that Facebook sought. Why the difference? Wired Epicenter's Terrence Russell analyzes the deal, and points out three good reasons why Microsoft got a 'bargain'. 'Microsoft Only Needs an Entrenched Position - Ballmer's plan to acquire 100 startups in 5 years is still sketchy, but we got the point -- Microsoft wants momentum. If the company is to go forward as planned then taking a small, strategic piece of Facebook makes sense. Microsoft's financial interests in Facebook's ad platform already exist, so it only makes sense to strengthen that tie as the hype builds.'"
Microsoft

Microsoft to Pay $240 Million for Stake in Facebook 277

Nrbelex writes to mention The New York Times is reporting that Microsoft has beat out Google and Yahoo for a 1.6% stake in Facebook. The investment will cost Microsoft $240 million valuing the total site at somewhere around $15 billion. "The astronomical valuation for Facebook is primarily evidence that Microsoft executives believed they could not afford to lose out on the Facebook deal. Google appears to be building a dominant position in the race to serve advertisements online. Fearing it might lose control over the next generation of computer users, Microsoft has been attempting to match and in some cases block Google's plans, even if that effort is costly."
Businesses

Indian Software Firm Outsourcing Jobs To US 444

phobos13013 writes "NPR is reporting Indian software maker Wipro is outsourcing positions to a development office opening in Atlanta, Georgia. Although it sounds good for US job growth, the implication is that firms outside the US appear to be dominating more and more in the global economy, even from developing and underdeveloped regions of the world. Similarly, salaries of IT professionals world-wide are projected to stagnate or possibly fall due to the large pool of qualified applicants in the market today."
Businesses

The IT Industry's Red Shift Theory 176

Stony Stevenson writes "Sun Microsystems' CTO, Greg Papadopoulos has come out with a Red Shift Theory for IT which posits that an 'elite group of companies are consuming inordinate amounts of IT infrastructure, well beyond most other businesses, and that their demand is growing exponentially. This trend, Papadopoulos maintains, has implications not just for IT's most insatiable consumers, but for the structure of the computing industry itself. It's not just about how many CPU cycles a company uses. Papadopoulos argues that red-shift companies will enjoy exponential business growth in the coming years. Blue-shift companies — those whose processing needs aren't exploding — will grow at about the same rate as GDP, he says.'"

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