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Author Topic: InfoWorld Top Stories  (Read 4723 times)

Offline Shole

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50 billion reasons why Facebook is not worth $50 billion
« Reply #75 on: January 04, 2011, 04:20:52 pm »
50 billion reasons why Facebook is not worth $50 billion
3 January 2011, 2:09 pm

It seems Facebook, the social network personally endorsed by God, is now worth more than eBay, Yahoo, and Time Warner -- all without selling a single share to Joe or Jane Public. The reason: Wall Street uber-bank Goldman Sachs, which just pumped another $450 million in venture capital into Facebook, leading to a valuation estimated at a cool $50 billion.

Source: InfoWorld Top Stories

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