TechSpot

Facebook raises $1.5 billion, now worth $50 billion

By Emil
Jan 22, 2011
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  1. Facebook has announced that it has raised $1.5 billion at a valuation of approximately $50 billion, but it is has no immediate plans for the funds and will simply continue to build and expand its operations. The transaction consisted of two parts: on Friday, Goldman Sachs completed an oversubscribed offering to its non-US clients in a fund that invested $1 billion in Facebook Class A common stock, while last month, Digital Sky Technologies (DST), The Goldman Sachs Group, and funds managed by Goldman Sachs invested $500 million in Facebook Class A common stock at the same valuation.

    Read the whole story
     
  2. Benny26

    Benny26 TechSpot Paladin Posts: 1,576   +47

    $50,000,000,000.00

    Now that's a big figure. It's no wonder people lose hope in the world, it's because of crazy stuff like this.
     
  3. slh28

    slh28 TechSpot Paladin Posts: 1,925   +170

    I wish I invented Facebook. It was an awesomely simple idea if you think about it.
     
  4. NickV

    NickV TS Rookie

    Wow so much money
     
  5. Valued at 50 Billion but ultimately worth much less. I think you'll be seeing the principle shareholders more and more trying to turn this over-hyped-value into real greenbacks before the whole delusion crumbles away.
     
  6. $50 bill of nothing.

    Best scam ever!
     
  7. Didn't we as Amercians help pay for Goldman Sachs to get out of Debt?
     
  8. I have been wondering from the start how Facebook was going to make money.
    --Get stupid investors to pony up--
     
  9. Xclusiveitalian

    Xclusiveitalian TS Guru Posts: 686   +47

    I guess you make a lot of money in the business of selling everyone's private information
     
  10. flukeh

    flukeh TS Rookie Posts: 57

    Ehh, you guys are all missing the point. The reason it is worth so much is because it has so many people visiting it more then once a day. Advertisinggggg.
     
  11. tell me if u had click any of the advertisement in the Fb, i never did that. Wish the adv really boost the sales in someway if company think it worth.
     
     
  12. EXCellR8

    EXCellR8 The Conservative Posts: 2,278

    so sick of hearing about fb... dumbest internet fad before twitter.
     
  13. 63Jax

    63Jax TS Rookie Posts: 66

    for what people, for what, how come the us government let such financial paradoxes to happen? actually that company produces nothing but wins big time, how da' **** is that possible? something needs to be done, otherwise...
     
  14. Jurassic4096

    Jurassic4096 Banned Posts: 158

    I've seen the video with Mark Zuckerberg at the Web 2.0 Summit and wished he acted more like the Mark Zuckerberg from The Social Network movi. I know the movie isn't supposed to be his carbon copy, but he was (actor that played him) MUCH cooler, and quick witted in the movie. On stage he's a blabbering *****. Rich and smart, but still an ***** in person. IMO of course.
     
  15. Jurassic4096

    Jurassic4096 Banned Posts: 158

    Half a billion people is far from a fad. Remember rap music was supposed to be a fad. I've left Facebook twice, but something brings me back.
     
  16. RaiDeR55

    RaiDeR55 TS Rookie Posts: 45

    As far as ads on FB I don't see any..AB Plus works great.. nice and clean..
     
  17. Leeky

    Leeky TS Evangelist Posts: 4,378   +98

    +1

    I detest it.
     
  18. How this drivel can be worth even one penny is anyone's guess ???
     
  19. I do not like Facebook and don't plan to ever be on it. Having said that I guess I'm in the minority, as it seems millions of people simply like to talk about themselfs and give up any and all information to everyone else. Facebook collects all information and sells it to the highest
    bidder(s).
     
  20. I love how it takes two weeks for your facebook to be fully deleted.
     
  21. CamaroMullet

    CamaroMullet TS Rookie Posts: 115

    Companies have been making tons of cash from ad revenue for years. Why is this a big deal? Is it crazy that geico will probably spend several million dollars advertising on Superbowl Sunday? It's simple folks: visitors = cash. Whether or not people click on the ads, logos / products are seen, we get familiarized with them, so when we do feel like shopping we know what to get, where to get them, etc...

    I personally don't like FB, BUT I keep one active. I have family all over the country, super easy to share pics with everyone. I don't post stupid stuff like when I'm going to go take a crap. But it does serve a purpose. What information does FB have on us that isn't already public info? If you choose to store your CC# or bank account info on the web that's your deal.
     
  22. World Population; 6 Billion and counting.

    People that have no life and spend 12 hours a day on FB? 500 Million.
     
  23. IAMTHESTIG

    IAMTHESTIG TS Enthusiast Posts: 410   +38

    This is what makes America great... capitalizing on peoples stupidity and boredom. I wish the whole myface thing (nomenclature used on purpose) would just die. Nearly as much, if not more time is wasted on these stupid social network sites as is wasted with World of Warcraft.

    The owner should be proud to have an enterprise of such worth, while at the same time slowing down and distorting the progression of man-kind as a sentient and intelligent life form.
     


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