Microsoft is hosting one of its biggest summits. It has told its fans attending the meet that they should not tweet any information about the gathering. A few enthusiasts, however, are not listening.
In 2007 News Corp. believed it could do a deal with Yahoo that would have valued MySpace at $25 billion. Now, thanks to Facebook, few people believe MySpace is worth more than the $580 million News Corp. paid for it. What will Rupert Murdoch do with this dud?
Greece's federal government had historically been a profligate spender. But the Olympics broke the bank. Government deficits rose every year after 1999, peaking at 7.5% of GDP in 2004, the year of the Olympics, thanks in large part to the €9 billion price tag for the Games. The cost of hosting the Games equalled roughly 5% of the annual GDP of the country.