$500 million Facebook investment makes it more valuable than eBay
Goldman and Digital Sky Technologies have invested $500 million in Facebook, which values the company at $50 billion, and this in a company which has yet to offer shares on the stock markets.
The investment probably doubles Mark Zuckerberg, Facebook founder’s personal wealth to some $6 or $7 billion. It also values Facebook above the likes of eBay, Time Warner and Yahoo! Facebook has also according to Hitwise reports overtaken Google as the most visited site on the Internet.
Many companies are still figuring out how to make money out of Facebook, one thing is for sure though if you haven’t already it’s time to get your business on Facebook and start interacting with your customers… because that’s where they’re all hanging out.