Following Facebook’s confirmation that it has raised $1.5bn from investors, the world’s most popular social networking site is now valued at around $50bn. The investments, which makes Facebook worth more than both eBay and Time Warner, came from Goldman Sachs and Russia’s Digital Sky Technologies who contributed $1bn and $500m respectively. This result is a major boost for an organisation which many feared would be unable to turn its popularity into a strong and competitive business that can stand the likes of Google. Today, Facebook continues to perform excellently and has now established itself as a major challenger to Google on the Web.
The deal which originally surfaced earlier this month, could prepare the way for the organisations initial public offering (IPO) with Facebook expected to pass 500 shareholders at some point this year. If or When that happens, the organisation plans to filing public financial reports by the end of April 2012.
Talking Point
Would you consider investing in Facebook if or when it decides to go ‘public’ by 2012?
