Excerpt
RAY SUAREZ (Newshour): If its backers are right, the popular social networking site Facebook is now worth more than companies like eBay, Time Warner and Starbucks.
According to today's New York Times, the investment firm Goldman Sachs and a Russian company called Digital Sky Technologies invested $500 million in Facebook in a deal that values the company at $50 billion. Facebook lets users create personal Web profiles, as well as connect to and share information with friends. It is used by about half-a-billion people around the world. And, last year, it surpassed Google as the most visited Web site in the U.S.
No comments:
Post a Comment