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Facebook Gets Another $500 Million?
October 24, 2007 - 11:47 pm PDT - by Stan Schroeder 11 CommentsWord on the street says that Facebook has received another $500 million in funding from two hedge funds in New York, in addition to the $240 million investment from Microsoft which was announced yesterday.
This is, supposedly, at the same $15 billion valuation, which would mean that Facebook just got $740 million for 5% of its assets, which doesn’t sound like a bad deal at all.
However, this time word comes from Fake Steve Jobs (still trying to decide if “Faceberg” and “Hedgetards” are funny or not) with no other source quoted, so take it with a mountain of salt.














October 25th, 2007 at 12:35 am
[...] Source:Mashable! Word on the street says that Facebook has received another $500 million in funding from two hedge funds in New York, in addition to the $240 million investment from Microsoft which was announced yesterday. This is, supposedly, at the same $15 billion valuation, which would mean that Facebook just got $740 million for 5% of […] Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]
October 25th, 2007 at 12:44 am
I wonder how long it will be before this bubble bursts.
October 25th, 2007 at 3:12 am
yes to hedgetards
no to faceberg
October 25th, 2007 at 3:34 am
Agreed.
$500 million seems to be too round of a number to be real…VCs seem to prefer numbers like $130 million, or $320 million, $500 is too predictable for their taste (unless one put in $320 and the other put in $180 or something like that).
October 25th, 2007 at 4:20 am
I joined facebook since a few months and I’d like to just resume my thought about it.
In the first few days I was impressed, I got in contact with same old friends I almost forgot.
How are you? Fine? Where are you? What are you doing? Cool… And then?
Gadgets, invites, walls, superwalls, extrasuperwalls… who has the time to take care of them so much? And most of all for how long?
Maybe I’m alone but to comunicate with friends email and phones are enough; when I’m surfing I’m often looking for something. News, information, thoughts. Where are they in facebook?
Myspace, for example, as something more to offer… You can take a look at my post here if you want: http://justpost-it.blogspot.com/2007/10/internet-companies-one.html
October 25th, 2007 at 4:42 am
It would be funny to see that behind these two hedge funds is GOOGLE….what was that story again about pople leaving Google to open their own VC
October 25th, 2007 at 5:50 am
need many times,it’s up at hight speed at present.
October 25th, 2007 at 6:22 am
The deal with Microsoft gave facebook the valuation which it badly required and it got more than enough funds to topple the competitors. We are out of 90’s and that the reality.
Facebook has taken the turn
http://blogkatt.blogspot.com/2007/10/facebook-taking-turn_6464.html
October 25th, 2007 at 6:27 am
[...] Nicholas Carlson wrote an interesting post today onHere’s a quick excerptWord on the street says that Facebook has received another $500 million in funding from two hedge funds in New York, in addition to the $240 million investment from Microsoft which was announced yesterday. … [...]
October 25th, 2007 at 8:12 am
$15b already? A couple years ago they didn’t exist. Whoa…
October 25th, 2007 at 8:30 am
Hopefully Facebook will take some of this money and make the move to becoming a gateway, like Yahoo, Live or Google with their integrated services. This way Facebook can become more of a start page than a social network.
October 25th, 2007 at 10:37 am
[...] A journalist shill says Facebook is tripling up with some hedge funds while the going’s [...]
October 26th, 2007 at 1:03 am
[...] gibt es für Facebook noch weitere interessierte Investoren. Das Wall Street Journal, sowie Mashable berichten von unbestätigten Meldungen über weitere Investitionen namhafter Unternehmen im [...]
October 29th, 2007 at 2:18 am
I wonder how long it will be before this bubble bursts.
November 1st, 2007 at 1:43 am
[...] when Fake Steve Jobs (later reiterated by Forbes) said that two New York based hedge funds (hedgetards, as he called [...]
November 18th, 2007 at 6:53 am
many times,it’s up at hight speed at present.