Monday, 3 January 2011

Facebook worth $ 50 billion.


Facebook, the most popular social network in the world, got a new financial injection. According to Mashable, the investment bank Goldman Sachs has invested in Facebook 450 million U.S. dollars, a Russian investment firm Digital Sky Technologies an additional 50 million U.S. dollars.
Facebook has been in five previous investment rounds collected more than 800 million U.S. dollars. This latest investment has collected over 1.3 billion U.S. dollars.

Mark Zuckerberg

According to the New York Times, the value of Facebook is now estimated at a staggering $ 50 billion.

The last few weeks on the secondary market its value fluctuated between 40 and 50 billion. In September, the social network is estimated between 23 and 33 billion, a value, but in November it had grown to 41 billion dollars.

As part of this investment, Goldman Sachs announced that assistance in obtaining an additional $ 1.5 billion. For this purpose, the investment bank will create, as he states, "an instrument of special purpose (special purpose vehicle) that will enable others to indirectly invest in Facebook. This will allow them to circumvent regulation Facebook SEC (Securities and Exchange Commission), which requires companies with more than 499 investors disclose publicly their financial results.

This is the first time that Goldman Sach invest in Facebook, while the Russian venture capital firm Digital Sky Technologies has already invested about 200 million U.S. dollars.

It is not known what will Facebook do with this money. Analysts predict that it will move to new projects in the hunt for talented developers from competing companies.

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