Quote of the Day

“If Facebook’s technology is everything its engineers promise — and granted, that’s a rarity, but supposing it is — then Facebook needs to escape the Microsoft trap and start selling its own ads, beyond just the sponsorships its small sales team focuses on, as soon as possible. That technology, and the data it generates, could well make Facebook a permanent player in online advertising, the expert in hypertargeted, personalized ads.
–Valleywag’s Owen Thomas, being serious for a change, discussing the rumor that FB has high-ticket term sheets from Microsoft, Google and Yahoo in hand.