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Digital Week in Review: Goldman Gives Facebook a 450 Million Dollar Lift

Emily Kostic January 3, 2011 Category Agency News

Goldman gives Facebook a $450M Lift; e-Commerce Times
Facebook is gearing up to compete in the major leagues, and it just got a strong helping hand from Goldman Sachs, to the tune of $450 million. Goldman partner Digital Sky poured another $50 million into the social network, which brings its valuation to a cool $50 billion.
The Takeaway: Facebook shares have been trading on the private market as though the company is worth $50 billion. The Goldman investment suggests the private trading has been on target.

facebookGoogle Planning Digital Newsstand; PC Magazine
Google is working to build a digital newsstand for Android-based tablets and cell phones that would distribute newspaper and magazine content, according to a Wall Street Journal report.
The Takeaway: With more and more publications turning to mobile solutions with little or no success, Google’s jumping into the game serves as a means to legitimize the competition.

Compete Says Bing’s Combined Market Share Rose 29% Last November; TechCrunch
comScore came out with a report that said Microsoft’s Bing had reached an all-time high market share of 11.8% in November 2010.
The Takeaway: While the road to beat Google is still a long one for Bing, they are closing in on them much faster and more efficiently than anyone had ever expected.

Google Adds New TV Partner; Web Pro News
Vizio a leading TV maker in the U.S. Vizio is making a new line of TVs and a Blu-ray player incorporating Google TV that will hit shelves later this year.
The Takeaway: This is the first time that Google TV will be skinnable, just like regular old Android, and be able to have UI layers like HTC Sense on top of them.

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