Goldman Values Facebook At $50 Billion (GS) - Goldman Sachs Gr (NYSE:GS)

27% profit every 20 days?

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Facebook has raised $500 million from Goldman Sachs Group (NYSE: GS) and a Russian investor, The New York Times reported on its Dealbook website, citing unnamed people involved in the transaction.The deal values the company at $50 billion, according to the report.Under the deal GS has invested $450 million and Russian investment frim Digital Sky Technologies, which already sunk about half a billion dollars into Facebook.Representatives of Facebook, Goldman, and Digital Sky declined to comment, the report said.

27% profit every 20 days?

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