“Facebook has received a new round of investment that values the social media firm at $50bn (£32.3bn), making it worth more than Time Warner, eBay or Yahoo.
The funds from investment bank Goldman Sachs and its long-time Russian investor Digital Sky Technologies underlines the astonishing growth of the social networking site, started from a Harvard dorm in 2004 by Mark Zuckerberg.” Guardian 4/1/11
Not everyone is so enamoured of this phenomenon. Neil Tennant, Pet Shop Boy, quoted in The Word magazine said, “There’s a sickly strain of fake friendship which goes across the internet, which I find insincere and dislikeable. I’m not on Facebook, but a friend described it as a place where you keep in touch with friends you don’t really want to see, which sums it up rather brilliantly. It’s complete insincerity.”
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