Facebook has reportedly purchased the internet site, FriendFeed. FriendFeed is a social networking site that allows its users to exchange status updates and links. it was founded in 2007 by four Google software engineers, and has a dozen employees. According to The Wall Street Journal, the purchase price was "roughly $15 million in cash [combined] with...Facebook stock that vests over several years ans would be worth roughly $32.5 million based on the $6.5 billion common valuation an investor recently placed on the company.
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