What exaclt is Facebook? I keep hearing about it from WebmasterRadio shows.

FaceBook is like myspace but you must goto/have gone to a university college.

[...] August 25th, 2006 It was announced earlier this week that Microsoft has won an advertising deal with Facebook, and terms weren’t disclosed.  Shoemoney seems to have a source saying the deal came in around $850 million, others hear it’s more like $200 million, but without knowing exact terms beyond it involving display advertising and sponsored listings it’s hard to really analyze the details too much. Techcrunch thinks the most interesting part is that the deal wasn’t with Google.  I disagree, I think the most interesting part is that Microsoft is working on becoming an ad exchange. According to the New York Times: Steve Berkowitz, senior vice president of the online services group for Microsoft, said ads would be made for Facebook, but they could also be aimed at any of MSN’s various Internet properties, which have a total of 400 million users worldwide. At the same time, ads running on MSN properties may also appear on Facebook, depending on what audience the advertiser wants to reach. Also according to the Times: Phil Leigh, president of Inside Digital Media, a market research firm specializing in digital media, said of the deal. “But Facebook is also a legitimate test bed, a place where Microsoft can test new technology in a commercial context,’’ he said. [...]

[...] After the crazy deal with Google and MySpace teaming up for $900 million, good old powerhouse Microsoft strikes a deal with Facebook for banner and search ads.  Terms of the deal were not disclosed, thus avoiding comparison to MySpace-Google.  I think honestly think that the numbers that Facebook produces, having over two-thirds of their 9 million plus members visit the site on a daily basis will be good competition against the MySpace/Google onslaught as Facebook directs its own advertising now but under the deal will outsource it exclusively to Microsoft until mid-2009. The ads are to start appearing in the fall. Just as a little tidbit of heresay, someone that Shoemoney knows here the deal was for around $850 million.  Get excited. [...]