Facebook's Land Grab in the Face of a Downturn - BusinessWeek

See the full article for a timely Facebook profile

As gloom descends on Silicon Valley, most startups and giants are growing cautious and cutting back. But not Facebook. The social-networking Web site sees a bleak economy as all the more reason to press ahead with aggressive plans for growth. "This is not the time for tech companies to be cutting back; this is the time to be hitting the accelerator," says Peter Thiel, a Facebook board member and investor.

Facebook's Land Grab in the Face of a Downturn - BusinessWeek