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Gotta Facebook Profile? If not .. MAKE ONE!

Microsoft Corp. is in talks with Facebook Inc. about making an investment in the social-networking startup that could value Facebook at $10 billion or more, according to people familiar with the matter.

And try my new facebook application: http://apps.facebook.com/couponsplus/

The Wall Street Journal, citing unnamed sources, is reporting that Facebook and Microsoft (MSFT) are in early talks about an investment that could value Facebook at upwards of $10 billion. Although the valuation is huge, the talks themselves shouldn’t come as a surprise, for Microsoft executives have long been enamored of the fast-growing social network based in Palo Alto, Calif.

Facebook has grown to 39 million members, up nearly 63 percent from 24 million in late May, and is quickly gaining ground on larger rival MySpace, which was taken over by News Corp (NWSa.N) in 2005.

Web 2.0 is the technology behind blogs, RSS, Digg, myspace, Technorati and Facebook - as well as dynamic news sites. MSN is playing catchup on Web 2.0. It is a catch-phrase for a new generation of Internet services that run on interactive software and typically rely on content generated by users to attract more visitors.

Microsoft also has an agreement with popular news site Digg.com.

It is time for you to start understanding and involving yourself in social networking.

If you own a company - start with www.michiganbusiness.us and Merchant Circle.

Labels: facebook, social networking, Web 2.0