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Facebook has reportedly raised funds from Goldman Sachs and a Russian investor in a deal valuing the social networking site at $50bn (£32.3bn).
The New York Times said that Goldman was investing $450m in Facebook, and Digital Sky Technologies another $50m.
Goldman's involvement will also raise speculation that Facebook might float on the stock market.
Facebook has reportedly raised funds from Goldman Sachs and a Russian investor in a deal valuing the social networking site at $50bn
click fraud I've canceled our PPC campaign on FB.
speculation that Facebook might float on the stock market.
Still not generating postive cash flow if they are still taking in more funding. If you can't generate a profit with 500 million active users then I don't know how you'll do it with 1 billion. Seems like they're actually losing more money the bigger they get.
If I was facebook, I'd be looking at one thing. Sounds like 'ating' and starts with 'duh'.That's what it all boils down to.
hmmm... arent there already such sites like MySpace etc... ? Facebook will be around much longer...
core functions of the site,(messaging, wall posts, chat, friends etc) are fairly easy to replicate by a well funded and well built upstart.
Obviously there is a lot more to facebook than that but i can easily see a real challenger emerging over the next 2 years.
Farmville is not owned by facebook is owned by Zynga. So it has nothing to do with it.Thats correct. But i'd guess facebook gets something out of it.
hmmm... arent there already such sites like MySpace etc.
That said, facebook is in a good position to take on google, and maybe that's why they're willing to invest, we don't know what's going on behind the scenes.
invterview with Milner, founder of Digital Sky:
Rose: What is it about these goldman sachs people, youíre 75% Goldman Sachs.
Rose: You think FB will be one of most valuable companies on the internet. what would prevent it from doing that.
Milner: I think FB is important globally because itís going to be one social graph that is unifying all civilization, maybe with a few exceptions. The company that creates one global social graph will be very important going forward. It will be Facebook, with maybe 2-3 local social networks able to sustain competition long term.
The FB hype will reel in investors that are looking to make a quick buck. Get in early on the IPO, watch the share price go through the roof then dump the stock when everyone realizes the potential is very limited.