Facebook raises $1.5 billion, at a valuation of $50 billion
Facebook has raised US$1.5 billion in its latest funding round, putting its total valuation at $50 billion and leaving no doubt about its swift ascent in recent years to become a major Internet player and challenger to Google.
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.