Facebook CEO Mark Zuckerberg regularly downplays talk of an
IPO, but his social network company has achieved the scale, and now the funding,
of a company to warrant it.
Facebook has reportedly banked $500 million from Goldman
Sachs and Digital Sky Technologies, valuing the company at $50 billion, according to
The New York Times.
Goldman has
plunked down $450 million. Russia-based Digital Sky, which has already pumped
$500 million into Facebook, chipped in the remaining $50 million.
Facebook spokesperson Larry
Yu declined to confirm the funding, which makes the social network worth more
than Yahoo and eBay, in an e-mail to eWEEK Jan. 3.
For more, read the eWeek article: Facebook Worth $50B from $500M Funding Round.
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