Welcome!

Search Authors: Liz McMillan, Shelly Palmer, Lacey Thoms, Jayaram Krishnaswamy, Alex Forbes

Related Topics: Web 2.0

Web 2.0: Article

New Facebook Investment Implies a $50 Billion Valuation

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

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.

More Stories By Jeremy Geelan

Jeremy Geelan is Chairman & CEO of the 21st Century Internet Group, Inc. and an Executive Academy Member of the International Academy of Digital Arts & Sciences. Formerly he was President & COO at Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences across six continents. You can follow him on twitter: @jg21.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.