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

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.