Tuesday, February 1, 2011

One, wth is the deal with ppl not shaking off 'fascist-book' as soon as they hear the hooror stories of corporate spying, hackers n' data miners, gov't probes and general disrespect for users by the company. Did anyone else hear about the...cash infusion from WALL STREET??? oh fkin hell. here's the report from duh L.A. Times.

Facebook's cash infusion whets appetite of investors

The $500-million investment from Goldman Sachs and Digital Sky Technologies heightens pressure on the social network to go public. But Facebook executives are in no hurry.

01/04/11 By Jessica Guynn, Los Angeles Times

Reporting from San Francisco — Everyone wants a piece of Facebook Inc.

News that investment bank Goldman Sachs Group Inc. and Digital Sky Technologies, a Russian Internet investment firm, will invest a combined $500 million in the social networking site has only whetted the voracious appetite of investors seeking to own a chunk of the wildly popular but privately held company, which now has an implied value of $50 billion.

Facebook board member Peter Thiel has said Facebook would consider going public in 2012, in what would undoubtedly be one of the most anticipated initial public offerings ever in the Silicon Valley.

i fkin hate you, fascist-book. Now with moar Goldman Sacks!