Facebook Now 5th Most Valuable U.S. Internet Company

Yesterday we found out about Microsoft investing in Facebook. TechCrunch puts it into an alarming perspective by comparing it to other U.S. internet companies. Looks like Facebook is here to stay!

We all got the news yesterday that Microsoft invested $240 million into the popular social networking website Facebook, and they valued the company at $15 billion. Put into perspective, this means that Facebook has now become the fifth most vaulable U.S. internet company, behind (in order) Google, Ebay, Yahoo! and Amazon, according to TechCrunch. This does not take into account corporations such as AOL and MySpace as they are simply parts of larger corporations. It still remains to be seen what Facebook will be valued at by public markets, yet due to their relatively low costs of doing business, they are sure to remain a force to be reckoned with.