Microsoft Chief Mercifully Puts The Kibosh On Facebook Deal

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Because he’s a genius—or maybe just one of the few remaining people not seduced by the idea of a site that refuses to put a cap on the amount of useless crap "applications" it will offer, none of which does anything to better facilitate the stalking/slaying of potential prey—Steve Ballmer said that he regards individual social networks as a “fad,” seemingly implying that Microsoft will not be making a $300-500 million investment in Facebook (for a 5% stake that would place the company’s value at around $10 billion). (You have Christ, we have wishful thinking.)
“I think these things [social networks] are going to have some legs, and yet there’s a faddishness, a faddish nature about anything that basically appeals to younger people,” Ballmer told Times Online. Though he acknowledged some vague potential value in Facebook’s 40 million users, he noted that “There can’t be any more deep technology in Facebook than what dozens of people could write in a couple of years,” a point that makes the valuation Zucks (claims not to be but probably) is seeking, for a site expected to achieve revenues of only $150 million this year, what’s the word? Insane. (Ridiculous. Dumb. Adidas shower shoes. Etc.)
Ballmer also, somewhat awesomely, added that sites like Geocities “had most of what Facebook has” years ago (and without the personification-of-a-smug-twat grin). He did not comment on why Mark Zuckerberg was seen in Seattle last week (a spotting that fueled speculation about a Microsoft investment). However, the tone of his voice seemed to hint at a combination of a. (“Bryan Adams with George Thorogood concert at the WaMu theater”) and e. (“Annual pilgrimage to Brandon Lee’s grave in Lake View Cemetery”).
Earlier: Cutting The FaceBook/Microsoft Deal Rumor Off At The Knees
Ballmer: Facebook risks being 'a fad' [Times Online]

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