Facebook - II - Funding
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There is a lot of chatter in the blogosphere about the recent $100 million investment in Twitter at a $1 billion valuation, but most of it based on speculation. Twitter and Facebook are private companies. You cannot get the facts simply by typing a stock symbol into Yahoo Finance. Our mission at ReadWriteWeb is to add to the facts, not just the speculation. Rather than posting confidential information that someone has leaked to us, we prefer to start with publicly available data.
Twitter and Facebook Investment Terms and Game Plans
The hits just keep on coming. Facebook has landed an additional $25MM in funding , and Bambi Francisco is reporting that the pre-money valuation of Facebook was $525MM. “Facebook has only “scratched the surface” on its efforts to expand in new markets, including international and post-graduate communities.
Facebook Gets $25MM In Funding | WebProNews
Elevation Partners has purchased $120 million worth of Facebook shares, according to a letter to its limited partners. The deal doesn’t mean more money in the bank for Facebook, since Elevation purchased the shares from other shareholders. TechCrunch reported that the purchase of 5 million additional Facebook shares is on top of Elevation’s $90 million purchase of 2.5 million shares in November. At the new price, Facebook’s value has increased 2.5 times in value in just eight months.
Elevation Partners invests $120M in Facebook shares | VentureBeat (Build 20100722155716)
Elevation Partners has quietly amassed another huge chunk of Facebook shares on the secondary market, according to a recent letter to its limited partners. Elevation spent $120 million for five million more Facebook shares. This is on top of Elevation’s $90 million, 2.5 million share purchase back in November.
