Market Overview

Is Facebook Worth $50B?

Facebook has reportedly landed a $500 million investment from Goldman Sachs (GS: 172.58, +4.35, +2.59%) and a Russian investor that places a $50 billion implied price tag on the social-networking giant.

According to The New York Times, Wall Street titan Goldman and Russian investment firm Digital Sky Technologies invested $450 million and $50 million, respectively. Digital Sky previously invested half a billion dollars in Facebook in a deal that gave the company a valuation of just $10 billion.

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Posted-In: Movers & Shakers General

 

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