Facebook gets US$200 million from Russian investor
Facebook is getting a US$200 million investment from a Russian Internet investor that values the social networking company at US$10 billion even though it has yet to turn a profit.
Facebook has raised $1 billion from investors in a financing round led by Goldman Sachs Group Inc. The Wall Street Journal reports that the cash came from a private offering to Goldman's non-US clients, and that the total funding round includes $500 million from Goldman and Russian investment firm Digital Sky Technologies.