Windows Live Facebook?

In its quest to steal a piece of the internet ad pie from Google and Yahoo, Microsoft is doubtless trying to figure out how it can better crack the youth social networking market.

“I’ve spent a lot of time studying Facebook. I think there is a lot we can learn from the Facebook concept.”

– Steve Ballmer, Microsoft CEO, at the Churchill Club
(Source: News.com)

Always late to the party Steve. Always late to the party. (Except in Asia.)

P.S. A word of advice: Let the guys over at Fox figure out how to monetize this stuff and go build things with a cleaner model like Shopping and Expo. No one’s figured out how to make a lot of money here yet.