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United States
With nearly 30 million members (as of mid-2007), Facebook is rapidly moving to usurp the ubiquitous MySpace as the Web's top social networking site. Founder Mark Zuckerberg created the site in 2004 while a student at Harvard; though formerly limited to registrants with .edu email addresses (that is, mainly college students), the site is now open to all.
The young company announced in July 2007 that it had made its first-ever acquisition. The purchase of the Parakey, a two-person company that interfaces Web data with computer hard drives, was made for an undisclosed amount. Parakey's two......