Holy cow, Facebook is worth $10 billion? That may be how the social networking Web site would like the world to interpret its latest capital infusion. But don’t be fooled. While that may represent a target valuation for Facebook, the actual worth, today, of Mark Zuckerberg’s dorm room creation may be much lower.That’s not to completely dismiss the headline figure. Under terms announced Tuesday, the Russian Internet investment group Digital Sky Technologies is plugging $200 million into the company for about a 2 percent stake. By that arithmetic, Facebook would indeed be worth $10 billion.
http://nytimes.com/2009/05/27/business/27views.htmlAlso see:How much is Facebook really worth? [AP]
Facebook is getting a US$200 million investment from a Russian internet investor that values the social networking company at $10 billion (NZ$15.97bn) even though it has yet to turn a profit.The investment gives Digital Sky Technologies a nearly two per cent stake in Palo Alto, California-based Facebook’s preferred stock. Digital Sky won’t get a board seat.
http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10574783
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