Facebook: The hottest Piece of Virtual Web 2.0 Real Estate on the Internet

By admin • August 20th, 2007

Many who are outside of their college years may not have heard of Facebook – in recent months more and more people are joining Facebook to link up with friends and colleagues from around the globe. The online community has only been around since 2004 and only last year opened its doors to non-college attendees.

This social networking site is the biggest of its kind since MySpace, and is said to be the hottest piece of virtual Real Estate since Google. The founder of Facebook, Mark Zuckerberg reportedly turned down a $1 billion offer from Yahoo! recently. Zuckerberg has been featured on the cover of many business journals in the last few weeks discussing his rise in the world of Web 2.0. His success has been likened to that of Google as a start-up by many journalists.

Why is this relevant to business blogging? Facebook makes up what is termed Web 2.0 and like most features of web 2.0, is consumer driven.  Facebook is all about networking and consumer interaction on a personal level. The technology even allows members to stay informed about their friends status and events in a mini-news feed, similar to an RSS feed for a blog.

This new breed of websites and blogs is making up the changing Internet which is all about creating unique connections with individuals on a personal level.

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