Facebook raises $1.5 billion, now worth $50 billion

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

$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.

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

Wow so much money

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.

$50 bill of nothing.

Best scam ever!

Didn't we as Amercians help pay for Goldman Sachs to get out of Debt?

I have been wondering from the start how Facebook was going to make money.
--Get stupid investors to pony up--

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

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.

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.

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

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...

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.

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.

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

How this drivel can be worth even one penny is anyone's guess ???

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).

I love how it takes two weeks for your facebook to be fully deleted.