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Facebook raises $500 Million in Funding

on January 4, 2011 | Facebook | Comments (0)

Facebook has raised an additional US$500 million in a new round of Venture Capitalist Funding.

Goldman Sachs has invested $450 million and Russian investment firm Digital Sky Technologies has invested $50 million.

This puts Facebook at a valuation of around US$50 Billion.

There has been speculation that an initial public offering (IPO) will be set for 2012.

Facebook will no doubt be looking to raise more money over 2011 so the company can invest in growth and human capital.


David Cowling :

Editor and Founder of SocialMediaNews.com.au. I also run a Social Media Agency where I do consulting work and another blog dedicated to Instagram news. Connect with me: Twitter | LinkedIn | Google + or contact me here. Alternatively, you can send me an email at david@socialmedianews.com.au











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