$15,000,000,000: Face It, Facebook is For Real

• 15 billion dollar valuation based on Microsoft’s $240 million purchase of 1.6% of the business
• Founded in 2004
• 73.5 million visitors in September ‘07
• Average visitor stay per visit: 20 minutes

To get an idea of the way Facebook works, The Globe and Mail published a primer in April ‘07. Also, TechCrunch published a “How to” that is very useful.

Bottom line; Facebook is an example of the changing face of business and the Internet. This is Web 2.0.