Facebook Gets Some Love From Goldman SachsCategory: Internet
Posted: January 3, 2011 06:19PM
Facebook has recently raised $500 million in capital, with $375 million coming from Goldman Sachs and the rest from Digital Sky Technologies. Facebook is still a privately held company, but an IPO could happen in 2012. The new funding values Facebook at $50 billion, which is more than Yahoo and Time Warner. The latter companies have about 13 times more revenue than Facebook is expected to have this year. It also puts Facebook at twice the value of Google when it went public. This recent round of funding puts the worth of Mark Zuckerberg at $12 billion.