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Facebook is after more money

Facebook after more moneyFacebook is sure ready to secure its future and ward off any threats from the likes of Microsoft, Google and MySpace and anyone else who wants to try and get into their social networking path.

AllThingD is reporting that Facebook is contemplating bringing in a few more investors and raising more money so that they can either expand, or possibly get acquired. The company did get $25 million in funding in 2006 and there were a few offers on the table from Yahoo! ($1billion), and Microsoft ($6billion) that fell apart. The company that has been listed as the next best thing since Google is moving ahead fast with a reported valuation of $525 million.

Tags: facebook, google, investing, microsoft, money, myspace