Facebook Valued at $50 Billion After $500 Million Investment
Transforming Banks for a Digital Future: The Winners, The Losers, and the Strategies to Beat the Odds
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.
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