50 billion reasons why Facebook isn’t worth $50 billion
dan tynan on Jan 03 2011 | Filed under: Cringley, Da Web, Facebook
It seems Facebook, the social network personally endorsed by God, is now worth more than eBay, Yahoo, and Time Warner — all without selling a single share to Joe or Jane Public. The reason: Wall Street uber-bank Goldman Sachs, which just pumped another $450 million in venture capital into Facebook, leading to a valuation estimated [...]
