May 12th, 2008 Visited 41 times, 1 so far today
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.
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