Last week news broke of Microsoft's interest in acquiring the social network Facebook. In the word of social networking sites Facebook is smaller than Myspace with about half the monthly traffic, but it is never the less very successful and popular. Facebook is not totally at a disadvantage when compared to Myspace because it has a higher growth rate and it's market is less saturated. Microsoft has made a early bid at about 10 billion dollars, two years ago News Corporation bought the site for 580 million dollars, not too bad of an investment. Facebook's Current CEO and co-creator 23 year old Mark Zuckerberg is constantly introducing new features and applications to use on the site they even have a company blog which they often use for PR purposes.
Facebook was the first social networking site that I joined back in 2004. When i first joined the site there were no photo albums, no applications, and you had be be enrolled in a high school or college to be a member. Since those prehistoric times Facebook has expanded and improved, now people do not have to be students to become members and the different forms of media and applications people can interact with are impressive.
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I recently read about this matter as well and thought it was astounding that facebook was worth the tens of billions!! After reading the actual article you posted I was glad to see that facebook is gaining popularity on myspace. I think myspace is too annonying and intrusive and have always preferred facebook over it. I was surprised to read that facebook has become more popular in other countries, but at the same time I do think that myspace has reached its' saturation point. Also, thanks for posting the letter that Mark Zuckerburg posted...found it really useful..using it for my blog!!
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