Suspected PayPal Hackers Seek Deal To Stay Out Of Prison
Scripps Employees Called 'Hackers' For Exposing Massive Security Flaw
Facebook valued at $50 billion by massive Goldman Sachs investment, IPO expected soon
With an investment of $450 million by investment bank Goldman Sachs, Facebook has just increased its valuation to $50 billion, placing it above Yahoo and eBay, but still some way off giants Google, Oracle, Apple and Microsoft.Back in November, Mark Zuckerberg dispelled claims that an IPO was in Facebook's immediate future, but these continuing, massive private investments would suggest that an IPO should occur this year, or perhaps in 2012. It all comes down to whether the Securities and Exchange Commission let Facebook -- and other private Internet companies like Twitter and Zynga -- dilute their shares using "special purpose vehicles."
Goldman Sachs, which underwrote the IPOs of Yahoo and Microsoft, and coordinated many others, is a bit of a technology IPO veteran. With this investment it has likely secured its position to take Facebook public -- and when that happens, it's anyone's guess as to how much Facebook will be valued at.
Comments
1
Subscribe to commentsJoshJan 3rd 2011 11:44AM
Zuckerberg's well on his way to the level of Gates as being the most successful nerds ever, especially if they end up expanding Facebook into other arenas (such as Office apps and the like where they move into Google territory, something that has been rumored for months now)