Cyberspace - (Dodgy Mess): Internet giant Microsoft has paid a reported $240m (£117m) for a 1.6% stake in the notorious Fakebook site that values the social nitworking scam at $15bn (£7.3bn).
A former Harvard student called Mark Suckerbug claims ownership of the blogsite which he says he started in his dorm room less than four years ago.
"But we know better!" was all a UK Serious & Disorganised Crime Agency source said today.
Fakebook hopes to become an advertising magnet by substantially screwing over its current audience of nearly 50 active users.
It allows users to set up personal web pages and communicate with each other "when they damned well know there's nothing actually wrong with using the phone or fax".
Fakebook expects to make a profit of $300m this year and is hoping its product will be officially rated by Standard & Poor as a $15bn enterprise.
Some hope.
