Facebook Valued at $50 Billion After $500 Million Investment

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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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