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Daily Archives: January 3, 2011

Goldman Invests in Facebook at $50 Billion Valuation

Facebook, the popular social networking site, 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, Yahoo and Time Warner. The stake by Goldman Sachs, considered…

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