In 2007, Microsoft beat out major players like Google to buy a 1.6% equity stake in Facebook for $240 million. At the time, Facebook was valued at $15 billion. Five years later, Facebook's valuation has soared -- giving Microsoft a stake worth more than $1 billion.
Facebook's IPO will raise $16 billion, making it the third-largest IPO in U.S. history.
|FCC adopts historic Internet rules|
|BuzzFeed's newest traffic driver: debate about the color of a dress|
|China under pressure as money floods out of the country|
|This guy just won the jackpot with a startup's get-rich-quick scheme|
|Worried about a stock market crash? Read this|