Another $500 million for Facebook?
So yesterday, Facebook got Microsoft to invest $240 million in exchange for 1.6 percent equity stake. The amount placed Facebook’s valuation at $15 billion and made Mark Zuckerberg a $3 billion guy in paper. The story is not over though. Forbes is saying that two hedge funds from New York are bringing in another $500 million.
Do you like this article? Submit it to Blogosphere News!
What do you think?