Facebook gets a little funding
Mark Zuckerberg has 740 million reasons to smile.
Microsoft has invested $240 million and two New York hedge funds invested $500 million in Facebook ... at a whopping $15 billion valuation. It makes Zuckerberg worth $3 billion on paper at age 23. Holy sh*t, he did it!
Microsoft to Pay $240 Million for Stake in Facebook New York Times
And Now Let Us Praise Facebook's Mark ZuckerbergSilicon Alley Insider: This is a great post.
Oh snap! Faceberg raises another $500 millionThe Secret Diary of Steve Jobs: Word up. Hot on the heels of the big investment by the Borg only a few hours ago, Facebook has now landed another $500 million from two hedge funds in New York. At the same $15 billion valuation. It is on, people.
Mark Zuckerberg, the $5 billion manVallywag looks at the individual numbers behind the deal. Very insightful.
Microsoft on Facebook: The internal memo from Kevin JohnsonCNet: Microsoft just bought a small stake in Facebook for $240 million (more than Facebook's 2006 revenues, which is interesting) on a $15 billion valuation. Kevin Johnson, president of Microsoft's Platform and Services Division …
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet CompanyTechCrunch: Yesterday came news that Microsoft invested $240 million into Facebook, valuing the company at $15 billion. — How much is $15 billion? It's hard to understand how much money that really is. (Image above from Techcrunch)
Three Reasons Microsoft Underpaid For FacebookEpicenter: It's official — the truth is less profitable than fiction. Facebook has secured the cornerstone of its $15 billion valuation with today's Microsoft alliance. But at $240 million, that's only a 1.6% slice of a much larger pie.
The "$15 billion" nonsenseRough Type's Nicholas Carr, the un-hype machine.
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