This is the fastest growing property on the web!!!! and its not Facebook!!!!

Samir Arora is the CEO and Founder of Glam Media which is the parent company to what Forbes is reporting is the web’s fastest growing property Glam.com. Check out his video interview.

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$500Million More For Facebook???

Techcrunch has stated that Elizabeth Corcoran of Forbes is reporting that two NYC hedge funds have each matched Microsoft’s investment in Facebook for about $250 million each, at the same $15 billion valuation. If true, that would give Facebook a $750 million war chest, which is more than most companies make in an IPO. That should be more than enough to pay for those 700 employees next year.

Our question is if this is indeed true what will the $750million infusion be used for? We have continuously heard Mark Zuckerberg (Facebook Founder) refer to his company as a technology firm and not just a mere social networking site.

Facebook…Silicon Valley’s Favorite Darling…

Facebook founder Mark Zuckerberg is only 23 yrs old and already owner and founder of one of Silicon Valley’s most sought after properties. Wall Street is completely infatuated and consumed with this man’s every move. Will he sell? Will he open the company up to major outside investors such as Microsoft who is rumored to want to lay $500million in Zuckerberg’s hands for a potential %5 stake in the company which would value Facebook at $15billion.

Zuckerberg has already raised $37.7million from venture capitalists. Yahoo was interested in buying Facebook for a reported $1billion and Zuckerberg verbally agreed to sell but then Yahoo’s stock price plunged 22 percent overnight and Yahoo’s then CEO Terry Semel lowered the offer to $800million, but Zuckerberg and his board walked away from the offer after that. Yahoo then returned with the original $1billion offer but it was too late.

Facebook is now the most buzzed about company in Silicon Valley and Zuckerberg is continuously compared to visionaries like Steve Jobs (Apple, ipod, iphone) and Bill Gates. Facebook has opened up a platform for independent developers to implement software for the 40million some registered users. Since then some 3,200 new applications have sprung up on the site, a number that is growing at about 180 a week.

Facebook is generating more than a billion page views a day. Half of it’s $150million revenue comes from an advertising deal with Microsoft. So much for thinking Zuckerberg was literally nuts for turning down the $1billion offer from Yahoo. Now everyone in the valley is looking at this kid with green dollar signs in their eyes!

Microsoft might invest in Facebook!

The rumors are swirling on Wall Street about a possible investment of $300-$500 million investment from Microsoft, which would land Facebook’s current total value in between $10-$15billion! Wow and this whole time we thought Peter Thiel (one of Facebook’s investors) was smoking rocks when he said that $1billion offer for the company was laughable. Thiel said that he placed Facebook’s value somewhere around $7 or $8 billion up there with MTV.

Zuckerberg said last year that he felt that Myspace sold themselves short to Rupert Murdoch’s News Corp for $580 million. He was probably right because in the next few months video giant YouTube sold out to Google for $1.65billion in stock.

So whatever is going on in silicon valley it seems that Mark Zuckerberg has the right idea and knows how to play the game. (The longer you hold out and refuse to sell, the more value it places on your company and product! Wow its just like dating. The longer a female withholds her goodies the harder the guy tries, the more he likes her, and he ends up spending more money for that ass!) Don’t you just love our business acumen???

http://news.yahoo.com/s/nm/20070924/tc_nm/microsoft_facebook_dc