NEW YORK – According to different international business news site, Facebook has increased it’s value to $50 Billion, thru the infusion of $500 million from elite investment house Goldman Sachs and a Russian investor. The additional investment place Facebook with twice as Yahoo’s value and about equal to what well-established names such as Boeing and Kraft Foods.
At present Facebook has managed to have more than 500 million users with a reported 30 billion links each month. Facebook is a free social media sites and makes money from selling highly targeted ads. Facebook is one of Google Adwords competitor.
New York Times reported the investment over the weekend, citing unnamed people involved with the deal. Facebook and Goldman Sachs still declined to comment about the report.
Facebook is composed of different investors and two of them are Digital Sky Technologies, together with sister company Mail.ru, and Microsoft.
Digital Sky Technologies owns about 10 percent of Facebook and Microsoft invested $240 million in Facebook on year 2007 in exchange for a 1.6 percent stake, at the time implying a valuation of $15 billion.