Facebook raises another USD 100 million in funding
Networks May 12th, 2008
Facebook raises another USD 100 million in funding
Facebook has now raised $100 million in funding in the last six months.
The company said that these new funds would be used to get more servers as the web service is becoming bigger and bigger attracting thousands of new users every day.
This latest investment comes from the venture lending firm TriplePoint Capital.
Market sources say that the funds would be good enough to buy as many as 50,000 more servers.
Microsoft is one of the most well known investor in the company and recent reports claim that they are interested in expanding their stake in the social networking service.
Popularity: 2%
Tags: Facebook, investments, Microsoft, social networking, Social Networks, TriplePoint Capital
Related Posts
Facebook Connect initiative announced
Facebook books Facebook.cn domain
Facebook finally changes their ad policy
Facebook offering classifieds service to members
Facebook launches Spanish edition of the web service
About










Leave a Comment