Mega news for the popular social networking site Facebook. According to a report form the New York Times’ Dealbook, Goldman Sachs (GS) is investing $450 million in the company at a $50 billion valuation.
Facebook…has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, according to people involved in the transaction. The deal makes Facebook now worth more than companies like eBay (EBAY), Yahoo Inc. (YHOO) and Time Warner (TWX).
The stake by Goldman Sachs, considered one of Wall Street’s savviest investors, signals the increasing might of Facebook…
Fiscal 2010 was certainly a good year for Facebook. Between January and November the social networking site became the most searched brand in the United States. That’s according to statistics published by Hitwise, which showed that Facebook.com had — during the period — more online visitors even than search giant Google (GOOG). According to the Hitwise analysis, Facebook accounted for a total of 8.93% of all Web visits in the United States, while Google ranked second, nabbing “only” 7.19% of the US’ total Web visits.