The Facebook was originally started by Zuckerberg as a way for classmates at Harvard to communicate. The name facebook was chosen indicating the books that colleges typically provide students, listing profiles and pictures of classmates. The facebook has been growing strongly since its inception couple of years ago, spreading its wings wide across the country and other continents too.

Community based portals such as Myspace, youTube and Facebook are increasingly becoming popular. These portals  are primarily used by  younger generation and provide plenty of marketing opportunities.

The owners of the privately held company have turned down a $750 million offer and hope to fetch as much as $2 billion in a sale, senior industry executives. So who is the one who is going to buy Facebook? Is it Google? While some say Viacom which is associated with the peppy young generation may be interested. Let us wait and watch.