As everyone probably knows by now, Facebook's latest valuation has been pegged at $15 billion.  In addition to Microsoft buying in, two hedge funds have reportedly joined the action for the same price as well, adding another $500 million in funding.  Looks like News Corp. got a really good deal on MySpace.

I really don't have anything to add to the discussion (as everyone's saying everything there is to be said all over the internet), but it will be very interesting to see how this all turns out.

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