Facebook to unveil financials, raises $1.5 billion

Facebook to unveil financials, raises $1.5 billion

www.reuters.com

NEW YORK – Facebook said Friday it has raised $1 billion from non-U.S. investors, which combined with an infusion from Goldman Sachs and Russia's Digital Sky Technologies in December, brings the haul from its latest round of funding to $1.5 billion.

The investments value the social networking site at $50 billion, more than the current market values of Yahoo Inc. or eBay Inc., but below those of Amazon.com Inc. and Google Inc.

Facebook did not say Friday how it plans to spend the $1.5 billion.

The company, which is based in Palo Alto, Calif., had the option to raise up to $1.5 billi

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People dont watch commercials any more (DVR'S). People likewise do not trust the controlled/limited media ( newspapers/TV ) they are almost paying me to get the newspaper now ... and i still dont want it. the REAL deal here ( the driving force behind FB ) is BIG $ companies wanting to connect with their customers get you to click ( digital signature ) all your rights away. ( so they can endlessly spam you ) once these companies and the rest of the world realize that most of the accounts on FB are either underage kids lying about their details OR people who are using made up ( FAKE ) identities... the bubble will bust. it must be getting close to that already or why else let the dogs ( GS ) in ?

www.reuters.com
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