Facebook apparently may have 5% of the company purchased for 300-500 million according to Techcrunch. That puts the sites value at 10 Billion dollars. Not to bad for a “niche social network” eh? The company may be waiting until the value for Facebook is around 15 Billion to sell, I am not so sure that is a good idea. Why get greedy when your dealing with those kinds of dollars, especially when many art thinking the social network bubble is about to slowdown its growth. Somethings got to give.

The site also is facing the same problems as Myspace has been having with Spam.  So far this has not been a huge issue but over the coming year this issue will grow into a problem.  )I have already been slowly getting that issue on my personal account).