Facebook Valued At $50 Billion
Facebook has reportedly raised 500 million dollars from Goldman Sachs, along with an unnamed Russian investor, in a deal that values the social networking website at 50 billion dollars.
It’s a deal that not only makes Facebook worth more than sites like Yahoo and eBay, it stands to double billionaire-founder Mark Zuckerberg’s personal wealth. The new cash infusion will make it easier for Facebook to develop new products, aggressively pursue acquisitions and woo would-be employees. However, it’s also possible that all that money could increase pressure on Facebook to finally make the move to become a publicly traded company.