Facebook Valued at $50 Billion After $500 Million Investment

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.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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