I'm no expert, but i'd be surprised to see Facebook take this investment from microsoft instead of from an independent investor or through an IPO that would enable them to remain independent of any industry players.

I also think Microsoft should pony up the $10B and try to buy the entire company. If Microsoft owned Facebook they would immediately become much more competitive with Google.

UK use of facebook now exceeds that of myspace, I heard on the radio today; they're also setting up their first overseas office in London

And if Facebook is really worth 10 Billion then bubble 2.0 is alive and kicking.

If Facebook is really worth $10 Billion then I should go to an island where there is no computer.

I don't get Facebook, I don't know what to do there. It is crazy.