Facebook worth 15 billion?

Social networking is getting very popular these days. Websites for social networking are attracting a lot of advertisements as many people visit these sites and stay in them for a while. Social networking is taken as the present generation hangout spots where people can meet and talk about whats going on in their lives.

Though there are a bunch of social networking sites on the web, some of them are gaining more popularity and their monetory value is raising in an alarming rate. Recently the leading software company, Microsoft bought 1.6 percent of Facebook in 240 millions. Google, a leading search engine company was also aiming to buy a share of facebook but Microsoft was able to give a better offer.

I also spend a portion of my day in facebook. It allows me to see what my friends are upto. I can see what they did over the weekend and can comment on their pictures. I also make myself updated on facebook. Its been like a visual journal and part of my life. Many people take it like that thats why its value is so high.