Friday, October 29, 2010

Microsoft Runs Basically The Worst Internet Startup Ever. 1 Year, Over $2 Billion In Losses

When you hear the word "startup", you most likely think of an Internet startup. Maybe it's funded, maybe not, but its burn rate almost for sure puts it in the red each quarter. Obviously, Microsoft is not a startup. Nor have they been a startup for a long time. But what if you thought of their Online Division as an Internet startup? One funded by Microsoft. The thought it terrifying. Or it should be. To Microsoft. Microsoft released their Q1 2011 earnings today. The results were very good except for one very big blemish: the Online Division. Last quarter, the division lost $560 million for Microsoft. That's better than the previous quarter when it lost a staggering $696 million, but it's much worse than a year ago, when it lost $477 million. In the past year, Microsoft has lost well over $2 billion from the division.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Qs4-WlktYj4/

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