Goldman Sachs x Facebook
I’m never one to short-changer a charitable contribution, and definitely not the kind of pledge that Facebook CEO Mark Zuckerberg recently made. That being said, Time Magazine’s Man of The Year isn’t going to be scrounging for pennies anytime soon thanks especially to a $500 million investment scored through a Russian Investor and Goldman Sachs. The new investment now values Facebook at $50 Billion, making it worth more than Time Warner, Ebay and Yahoo according to the New York Times. While Mark Zuckerberg told a conference in November “don’t hold your breath,” in terms of Facebook going public, some experts believe that this move may force Facebook to become a publicly traded company. Facebook is already a hot commodity in secondary markets in which investors and former employees can privately sell buy/sell shares. The NYT also suggests that this move could double Zuckerberg’s worth, making him the richest guy in the history of the world to buy and sell his friends.
To read the full NYT article click here.