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Tag: "$50 Billion"

Australian Internet industry contributes $50 billion to GDP

on October 12, 2011 | Australia | Comments (0)
Australian Internet industry contributes $50 billion to GDP

According to research by Deloitte Access Economics, the Internet industry in Australia makes up $50 billion of our Gross Domestic Product (GDP). This is the same size as the Australian Retail sector. Many physical retailers are forced to come online now to protect their existing market share, creating E-commerce websites and advertising their products through […]

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Facebook raises $500 Million in Funding

on January 4, 2011 | Facebook | Comments (0)
Facebook raises $500 Million in Funding

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 […]

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