With everyone officially back to work, some of you (eek!) are reading a newspaper for the first time in a few days (or weeks!) and saw some of the headlines that have already captured the news early in 2011.
One of the biggy’s is the HUGE investment by Goldman Sachs in Facebook. Huh? Oh, didn’t catch that story? No problemo my little cupcake, here’s the lowdown:
Facebook, over the years, has looked to investors to help pull money into the company to pay for development, staffing and simply for all efforts to take over the world. In total, Facebook has raised in the neighbourhood of $1.3 billion – including this week’s $450 million from Goldman Sachs.
Facebook’s worth has increased (and increased, and increased!) over the past few years, and not surprisingly, is now worth the most we’ve ever seen, duh, right…. Well, way back in September (yeah, only about 4 months ago), Facebook was valued between $23 and $33 billion and just two months ago, in November, that number had increased to $41 billion.
So, Miss Fortune – where the F is Facebook sitting now? Well that was a rather spicy way of asking, but I know, I wanted to know the same.
With that new little lump sum hitting Mr. Zuckerberg’s account (it doesn’t actually work that way, but oh my what if it did!!), what is Facebook worth TODAY?? Well, experts are saying given Goldman’s investment, Facebook is now valued at $50 billion. Yeah. Crazy. By the way – y’all realize I’m talking about a website we visit now more often then Google, and pretty much just creep other’s photos, posts, wall conversations with other people (um, some of you need to invest a little time in learning about Facebook chat, or private messages fyi!)… this is not a hugely commercial site (like Amazon.com, that you know, sells… stuff!), its Facebook, timewaster.com, seriously.
In any case, Facebook has quite literally just hit the jackpot, and now needs to decide how to spend that money (I’m here to help at any time Facebook, anytime!). Some experts predict they might cash out some employees (with investment stakes), or hire many, many more employees, or both! Others say this is a sure fire sign that an IPO (going public, where we are all free to buy our own little chunk of the big blue F!) is on the horizon… an article on that coming asap, in the meantime… you’ve spent almost 7 minutes off Facebook reading this article – good lord child, get back to creeping!!!
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Great story. Crazy to even think about though. Love the website and your enjoyable reads!
~DearSarah