Facebook Lands $1.5B In New Financing

Posted: Jan 24 2011, 9:05am CST | by , in News | Other Stuff

 

Facebook Lands $1.5B in New Financing
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Facebook worth $50 billion

Facebook has raised $1.5 billion in new financing over the last month and the huge amount of funds raised values the social network in a big way. The $1.5 billion raised put the valuation of Facebook at $50 billion.

Facebook raised $500 million of the money within the US and $1 billion of the funds came from investors outside the US. Facebook didn’t seek the money; Goldman Sachs came to Facebook and expressed an interest in investing.

Facebook could have taken up to $1.5 billion from overseas investors, but opted to limit the funding to $1 billion. Facebook has no current plans to use the money and is using it as a cash reserve.

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Tech and Car expert Shane McGlaun (Google) reports about what's new in these two sectors. His extensive experience in testing cars, computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

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