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New Facebook Investment Implies a $50 Billion Valuation

Will Goldman Sachs be the one to take Facebook public in 2012?

By Jeremy Geelan
Article Rating:
January 3, 2011 08:00 AM EST
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 7,435

The New York Times is reporting that Goldman Sachs has invested $450 million in Facebook, with the Russian investment firm Digital Sky Technologies, which has already invested $500 million in Facebook, investing $50 million more. The new half-billion round of investment, says the Times, values the company at $50 billion.



The news comes just days after Facebook overtook Google as the most visited Web site in 2010, according to the Internet tracking firm Experian Hitwise.

Published January 3, 2011 – Reads 7,435
Copyright © 2011 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Jeremy Geelan

Jeremy Geelan is President & COO of Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences both in North America and overseas. He is executive producer and presenter of Cloud Expo's "Power Panels" on SYS-CON.TV.

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