1 Billion Dollars: Microsoft's Loss Every Quarter Due To Bing

We spotted this today:

" Bing, Microsoft's two-year old search engine, is losing nearly a $1 billion a quarter, with no sign of letting up.

Microsoft (MSFT, Fortune 500) has lost $5.5 billion on Bing since the search service launched in June 2009, but the company's search losses actually pre-date that. In fact, the software giant has never made money in its online services division. Since Microsoft began breaking out that unit's finances in 2007, the company has lost a total of $9 billion."

Statistics Source: CNN Money