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Facebook's on the Block

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Facebook's on the Block
Topic: Media 9:38 pm EST, Mar 29, 2006

Facebook, the Web site where students around the world socialize and swap information, has put itself on the block. The owners of the privately held company have turned down a $750 million offer and hope to fetch as much as $2 billion in a sale.

Really?

Sites like MySpace and Facebook, and social-networking rivals such as the video-oriented YouTube are promising new channels for communication, entertainment, and marketing. Social-networking sites are a primary form of communication for millions of younger people in the U.S, and increasingly, around the world. It's not unusual for young people to spend an hour or more a day at such sites, posting photos, messages, and blog entries, and building up huge lists of online "friends."

I like how "friends" is in quotes.

That $2B figure has me feeling a little verklempt. Please, talk amongst yourselves. I'll give you a topic:

Social networking is the 21st century equivalent of collecting baseball cards.

Discuss.

Facebook's on the Block



 
 
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