Goldman Deal ‘Values Facebook at $50 Billion’
Facebook’s valuation is now more than $50 billion? Only one word comes to mind when I read that…sell! Seriously Zuckerberg, sell.
Facebook has raised 500 million euros from US investment bank Goldman Sachs and a Russian investor that values the popular social networking site at 50 billion dollars, the New York Times reported on Monday. The investment puts the value of Facebook at higher than fellow Internet companies eBay and Yahoo!, as well as media company Time Warner, the newspaper said citing sources familiar with the deal.
