One of the fastest growing networking sites today is Facebook, considering that this only started out as a site where some college students can stay in touch and share some things. In fact Facebook has now surpassed MySpace as being the social networking site with the highest traffic. Because of this, there are some speculations that Microsoft is thinking of buying some 5% share into it, this share would amount somewhere from $300 million to $500 million. When that happens, its creator 23-year old Mark Zuckerberg will be one of the richest men around since Facebook’s worth would amount to $10 billion.

Microsoft is targeting Facebook in order for them to have a stronger impact on the younger population on the web. A contract has already been drawn that Microsoft will already supply display advertising to the said site. Aside from Microsoft Yahoo also tried buying Facebook last year for $1 billion. Google is also interested in investing in the networking site.