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Jan 22, 2011

Facebook Worth : $50 Billion

How can you imagine that a Mr. Zuckerberg gotten' this far? A young Harvard Computer Geek student which bring millions of people connected in this social website, FACEBOOK.

Facebook announced that they raised a funding worth $1.5 from Digital Sky Technologies, Goldman Sachs and investment bank clients which pushed the Facebook worth value to $50 billion.

"Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing," "With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead." Mr. David Ebersman, Facebook CFO said in its announcement.

Facebook also said that they could raised more that more than that but decided to push the limit in $1 billion. The investment made by the DST, Goldman Sachs and bank clients increase the financial stability of facebook. The social site also confirmed that this transaction will give to more than $500 stakeholders. With this Facebook is require to publicly disclose its financial results no later than April 30, 2012.


shah said...

lots of pro-cons can be list from facebook as it now become marvellous thing happened in cyber online field...however congrats to Mark..:)

J said...

Thats true! Social Network can brought cons. But I admit that facebook brought an innovative marketing.