Powered by Web 2.0 technology that is backed Facebook is a cubical that lets Web 2.0 happen for you. It was launched by Mark Zuckerberg, a 23 years old guy on 4th, 2004. Initially it was created for Harvard students, but within a month time exponential growth was achieved, with more tahn 30 networks added to its network communities. Peter Thiel, cofounder of PayPal was the first investor to invest $500,000 into Facebook.

Facebook today is $15 billion dollar industry, one of the brightest stars on the Internet horizon. Facebook sold its stake to Microsoft at the same time refused Google Inc. offers. Microsoft has paid $240 million Facebook to acquire 1.6% stake of this web proliferating social network. Microsoft is ready to sell ads for Facebook. This social utility network has acted as adhesive for joining friends to friends, college friends, look for jobs, post jobs, view your favorite blogs, links to your websites, update listing on the web. Facebook members profile,

Facebook, social network internet star goes like Hot Cake!!!!!!!!!! To make this US social communication, bond-making network held privately, a public platform for facebooking, Microsoft is ready to sell Ads online for Facebook and expand its reach globally. Facebook offers wide range of tools for connecting to people online. Facebook stands next to MySpace.com in count of visitors, today Facebook has nearly 50 million active users. The anual revenue of Facebook is estimated to fall between $100 million to $150 million. Also, Microsoft entery in Windows Live Space geared its revenue many times. Still, it is tough to compete with the greatest, deepest space dominator.