Facebook?

whats all the new hype about facebook about. One stuff is about how you can add your own applications around the social networking site something they technically call open sourcing application development. what it basically means is that you can add stuff like say a free gift application to the site where people can use that to give free gifts to their friends online. Now Facebook turned down a billion dollar acquisition offer from yahoo last year. There are rumors of it going to be acquired by MS at 6 billion. The company denies all of that however and says it will go public! It recently acquired Para Key founded by the same guys who built FireFox.