Facebook.com Valued at $10 Billion
May
26
Written by:
5/26/2009 3:21 PM
Facebook.com Valued at $10 Billion
Facebook.com received an investment of $200 million the week from Digital Sky Technologies (DTS). The investment was in exchange for 1.96 in equity, thus resulting in a valuation of $10 billion for all the equity. The investor also wants to purchase outstanding shares from employees and others for an additional $100 million.
Facebook continues to grow at an exponential rate and is looking to expanding in other countries outside the US as much as possible. This fact provided DTS an advantage over other interested investors as the company is headquarter in England and Moscow. Facebook management is looking to tap the international knowledge of DTS but will not place a member of the company on it's board.
5 comment(s) so far...
Industrial Computers
Face book is really too good website, i like it use it. IT is so good website
By corvalent on
5/28/2009 6:40 AM
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Re: Facebook.com Valued at $10 Billion
The news doesn't make me so surprised. Most Facebook members use the site every day, and they always invite their friends. That's why Facebook is so so popular. By the way, thanks for the news. :)
By Barbara Head on
5/31/2009 10:59 PM
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Re: Facebook.com Valued at $10 Billion
well, it is the most popular social network in the world so i'm also not as surprised... but 10 billion dollars is much sooo money i don't even have a million dollars on facebook's texas hold 'em poker...
By Andrea on
6/3/2009 5:16 PM
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Re: Facebook.com Valued at $10 Billion
omg thats a loooot, guess it became so popular because of the appl and quizes
By Alfred on
7/15/2009 10:43 AM
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Re: Facebook.com Valued at $10 Billion
The fantastic technology shared on the site because in the post discussed about face book and how to used and give the good services in this technology so that can be able to understand and know that regarding post.
By Online Markedsføring on
1/21/2012 5:04 AM
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