Facebook Worth $50 Billion

Facebook has raised $500 million from Goldman Sachs and Russian investor Digital Sky Technologies in a deal which values the social networking company at $50 billion. According to this latest figure, Facebook is worth more than eBay, Yahoo and Time Warner.
With rumors circulating about a 2012 public offering for Facebook, Goldman Sachs is expected to raise $1.5 billion from investors for the company. The New York Times reports that the minimum investment per person would be $2 million.
The cash infusion could be used to hire employees, develop new products, or pursue acquisitions, before Facebook goes public.
The Wall Street Journal compares Facebook’s value to other internet properties in a series of graphs that show Facebook’s position relative to valuation, revenue, users and more. Some additional insights can be found in a store on Mashable.com.

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Sarah Skates

Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.

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