Facebook Gets $500 Million Investment From Goldman

Leading online social networking website Facebook Inc. has received a $500 million investment from investment bank Goldman Sachs Group Inc. and a Russian investor.

The capital infusion assumes a valuation of $50 billion for Facebook, the social networking site with 500 million users worldwide, which last month became the most-visited website in the United States.

Goldman, the New York-based bank, invested $450 million, while Russia’s Digital Sky Technologies contributed $50 million in cash, according to a report by the New York Times' Dealbook.

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I wonder why they may have done that !!!


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