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.