Sunday, January 9, 2011

Facebook valued at $50 Billion

A report that just reveald these days shows that the most popular website Facebook had made a great profit in webs history which is 1.3 billion dollar in the first 9 months of 2010 .
This report came after days of announcing that Facebook had reach 500 million users around the world and became the most popular webiste in 2010 for the first time since the site launched , and Google came second .
Goldman Sachs Bank has report that they had recieve a check with a value of 50 million dollar from Digital Sky Technology a russian company to invest in Facebook .
Also the report from Goldman Sachs Bank shows that the value of Facebook raised to 50 billion dollar , which make this site much in value than more than alot of popular sites like Time Warner, eBay and Yahoo , and it make the owner of Facebook Mark Zuckerberg in the top 20 wealthy man in the world .


http://www.bbc.co.uk/news/business-12135320

2 comments:

  1. Good summary, although you did have a few spelling and grammar mistakes here and there.

    I think Mark Zuckerberg is a genius. He found a common need and fulfilled it with the creation of Facebook. You mentioned he is in the top 20 wealthiest men in the world, and with Facebook growing daily, he might be set to be the richest man alive.

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