WeSeePeople

Sunday, January 02, 2011

Facebook Valued At 50 Billion As Goldman Sachs Invests $500 Million

Godman Sachs ($450 Million) and Digital Sky Technologies (50 Million) have investedon the ever changing facebook driving the valuation of the firm to whopping $50 Billion. With this valuation, facebook surfaces eBay, Yahoo and Time Warner in value!
The new infusion will allow facebook to steal away from it's rivals in many fields like developing new products, hiring and possibly new acquisitions.
The SEC is showing interest in companies like facebook, twitter and zinga and their lucrative private markets and if they are using the private market to avoid public disclosure requirements.
On the otherhand, experts belive the new money inflow might force facebook to go public just like Google or Microsoft. Also all these companies are making the market change as well;

“When you think back to the early days of Google, they were kind of ignored by Wall Street investors, until it was time to go public,” said Chris Sacca, an angel investor in Silicon Valley who is a former Google employee and an investor in Twitter. “This time, the Street is smartening up. They realize there are true growth businesses out here. Facebook has become a real business, and investors are coming out here and saying, ‘We want a piece of it.’”
NYTimes

No comments: