Facebook says it's bringing in more than it spends
Facebook said Tuesday it achieved an important financial milestone, bringing in more money than it spent in the last quarter.
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.