Sunday, January 23, 2011

Facebook Raises $1.5 billion, Puts Value at $50 Billion

Sam Diaz submits:

Facebook said Friday that it has raised $1.5 billion in a two-part transaction that puts the company’s value at about $50 billion. In a statement this afternoon, CFO David Ebersman said the investment gives the company “greater financial flexibility to explore whatever opportunities lie ahead” but, for now, the company has no immediate plans for it.

From the company’s press release:

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