I had thought MySpace had won the SNS race.  That may not be the case.  Business Week reports that:

Facebook, the Web site where students around the
world socialize and swap information, has put itself on the block,
BusinessWeek Online has learned. The owners of the privately held
company have turned down a $750 million offer and hope to fetch as much
as $2 billion in a sale, senior industry executives familiar with the
matter say.

Well, if this is true, what a game of Deal or No Deal for the team at Facebook.

One wonders how this news leaked, though?  It’s not good for the Facebook team to set expectations at $2b.  That’s a rich target to set, and if they eventually fall short, they will look like greedy idiots.