NYTimes
January 2, 2011, 11:31 pm Venture Capital
Goldman Invests in Facebook at $50 Billion Valuation
By ANDREW ROSS SORKIN and EVELYN M. RUSLI
Tony Avelar/Bloomberg News
Quote:
The deal could double the personal fortune of Mark Zuckerberg, Facebook’s co-founder.
Facebook, the popular social networking site, has raised $500 million from Goldman Sachs
and a Russian investor in a deal that values the company at $50 billion,
according to people involved in the transaction.
The deal makes Facebook now worth more than companies like eBay, Yahoo and Time Warner.
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I've copied a Blog comment because I don't begin to understand this stuff:
Quote:
Smells like the year 2000 all over again.
Do you remember Napster and the other Internet bubble companies?
What are they worth now?
Remember when MySpace was a big deal? Facebook is a passing fad
with no product or any true ground breaking technology.
$50 billion hype = hold on to your wallets.
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Is this $50B going to put anyone to work that's not already working ?
01-03-2011, 10:25 AM
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