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Microsoft beats Google in a closely watched contest over Facebook. The company agreed to invest $240 million for a 1.6% stake in this popular social-networking site. It is estimated that Facebook is valued at $15 billion. As part of the deal, the two companies also expanded their existing advertising agreement.
Facebook is a social utility that helps people communicate more efficiently with their friends, family and coworkers. It was founded in February 2004 by Mark Zuckerberg who was just 19 y.o. at the time.
It ranked 7th in terms of its traffic in the world of Internet. Facebook has around 50 million users worldwide with about 4 more joining each month. People spend in average 19 minutes a day on Facebook. They can not only share their photos and videos but also e.g. send a virtual glass of wine, a kiss or a fish to a friend's aquarium.
Some people use Facebook to meet new people. It is also not unusual for users to compete in number of friends they "have". One friend of mine is currently thinking about what present should she give to her 1000th friend since that's the number she is approaching fast (she enlists about 10 new friends a day).
Everyone can become a member of various networks on Facebook with London and Toronto being the largest.
Facebook is also great for finding lost friends. I've found my Norweigian friend after years of having no contact with him. I'd got his profile with his picture within seconds on the Facebook finder.
According to the survey done by Student Monitor agency, Facebook was named the second most "in" thing among students. The first place belongs to the popular MP3 player while "beer" and "sex" finished behind Facebook.
You can have a look at an interesting video about student lives here.
Facebook is becoming more and more important also for various personal agencies. Cases when a person didn't get a job because of his/her strange behaviour on Facebook are not unusual any more.
Facebook is a really great tool for communicating with a large number of people at the same time. However, noone should forget that some of the information can be viewed by anyone and therefore misused.

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