Facebook Valued at $50 Billion
Goldman Sachs and a Russian investor have invested $500 million in Facebook, raising the company’s total value to some $50 billion. According to The New York Times, the deal involves special allowances for Goldman’s premier players to invest in the company. The latest deal has spurred more interest from the S.E.C., and may trigger increased pressure on companies like Facebook and Twitter to go public. We’re joined by Denis Howlett, writer for the site ZDnet, for more on the story.
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