Facebook Valued at $50 Billion

Monday, January 03, 2011

Facebook CEO Mark Zuckerberg. (Flickr user andrewfeinberg (cc: by-nc-sa))

Goldman Sachs and a Russian investor have invested $500 million in Facebook, raising the company's total value to some $50 billion. According to The New York Times, the deal involves special allowances for Goldman's premier players to invest in the company. The latest deal has spurred more interest from the S.E.C., and may trigger increased pressure on companies like Facebook and Twitter to go public. We're joined by Denis Howlett, writer for the site ZDnet, for more on the story. 


David Howlett

Comments [1]

Michael Mark

How does facebook make money?

Jan. 03 2011 09:27 AM

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