Facebook

Word on the street says that Facebook has received another $500 million in funding from two hedge funds in New York, in addition to the $240 million investment from Microsoft which was announced yesterday.

This is, supposedly, at the same $15 billion valuation, which would mean that Facebook just got $740 million for 5% of its assets, which doesn’t sound like a bad deal at all.

However, this time word comes from Fake Steve Jobs (still trying to decide if “Faceberg” and “Hedgetards” are funny or not) with no other source quoted, so take it with a mountain of salt.

Link - Comments - Stan Schroeder - Wed, 24 Oct 2007 21:47:16 GMT - Feed (1 subs)
User comment: By: Cameron Chapman
Agreed. $500 million seems to be too round of a number to be real...VCs seem to prefer numbers like $130 million, or $320 million, $500 is too predictable for their taste (unless one put in $320 and the other put in $180 or something like that).
User comment: By: jonuts
yes to hedgetards no to faceberg
User comment: By: Martin
I wonder how long it will be before this bubble bursts.
[...] Source:Mashable! Word on the street says that Facebook has received another $500 million in funding from two hedge funds in New York, in addition to the $240 million investment from Microsoft which was announced yesterday. This is, supposedly, at the same $15 billion valuation, which would mean that Facebook just got $740 million for 5% of […] Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]
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