Monday, January 3, 2011

Report: Facebook Raises $500M

A report today from the New York Times says that Facebook has raised $500M in a new funding round, from Goldman Sachs and Digital Sky Technologies. According to the Times, the round brings the company's total raised to $1.3 billion, and sets the valuation at $50 billion. The deal also includes an effort by Goldman to raise an additional $1.5 billion for Facebook.