Facebook 4th Largest Website!

250px-Thefacebook

Facebook is the 4th largest website with 340 million unique visitors in the month of June 2009!  Only behind Google (of course, 844 mil.), Microsoft sites (691 mil), and Yahoo sites (581 mil).

This is amazing considering Facebook is just one website with one function — social networking. Check out Facebook on Wikipedia.  Wondering if Microsoft is going to buy Facebook up?  Or spin off it’s own version?  There are some interesting, interesting things written there:

With the sale of social networking website MySpace to News Corp on July 19, 2005, rumors surfaced about the possible sale of Facebook to a larger media company.  Facebook Founder, Zuckerberg had already said he did not want to sell the company, and denied rumors to the contrary.  On March 28, 2006, BusinessWeek reported that a potential acquisition of Facebook was under negotiation. Facebook reportedly declined an offer of $750 million from an unknown bidder, and it was rumored the asking price rose as high as $2 billion.

In September 2006, serious talks between Facebook and Yahoo! took place concerning acquisition of Facebook, with prices reaching as high as $1 billion.  Peter Thiel, a board member of Facebook, indicated that Facebook’s internal valuation was around $8 billion based on their projected revenues of $1 billion by 2015, comparable to Viacom’s MTV brand, a company with a shared target demographic audience.

On July 17, 2007, Zuckerberg said that selling Facebook was unlikely because he wanted to keep it independent, saying “We’re not really looking to sell the company… We’re not looking to IPO anytime soon. It’s just not the core focus of the company.”

In September 2007, Microsoft approached Facebook, proposing an investment in return for a 5% stake in the company, offering an estimated $300–500 million.  That month, other companies, including Google, expressed interest in buying a portion of Facebook.

On October 24, 2007 Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion.  However, Microsoft bought preferred stock that carried special rights, such as “liquidation preferences” that meant Microsoft would get paid before common stockholders if the company is sold. Microsoft’s purchase also included rights to place international ads on Facebook.

In November 2007, Hong Kong billionaire Li Ka-shing invested $60 million in Facebook.

In August 2008, BusinessWeek reported that private sales by employees, as well as purchases by venture capital firms, had and were being done at share prices that put the company’s total valuation at between $3.75 billion and $5 billion.

(All these facts, taken fr. Wikipedia.  Check it out yourself.  Some editing done.)

Congratulations Facebook!  We’re all watching to see what happens!

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