Facebook’s May numbers show that the social network site has grown 89% in one year in terms of unique visitors. Page views have more than doubled during that period, according to comScore.
The rapid growth of the web operation makes it a true competitor to News Corp (NWS) MySpace and an increasingly attractive acquisition candidate for one of the large web portals that needs to add to mass audience and has little presence in social networking. Yahoo! (YHOO) and Microsoft’s (MSFT) MSN are the two most logical buyers.
While MySpace was sold for $565 million, it is likely that the price inflation that goes with properties that might involve an auction process among large web companies could put Facebook’s value at over $2 billion.
Douglas A McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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