Investment Bidding War Over Facebook

Mark Zuckerberg, creator of Facebook, can put on his happy ‘face’ now that huge conglomerates Microsoft and Google are in competition for investment rights over the second most popular social networking site. Second to, none other than MySpace, of course. A deal is expected to be reached in about 24-48 hours. Each company is vying to take a stake of between 5-10% in the site. Whichever company wins the bid, will not only become a part of the company, but will also hold hundreds of millions of dollars in  potential advertising revenue. According to an article in today’s New York Post, ‘Facebook is currently searching for a way to monetize the traffic on its site, with the company planning to make an online advertising announcement on November 6.’ May the best company win.

When I grow up, I want to be a self-made billionaire.