Facebook Raises $1.5 Billion, At a Valuation of $50 Billion

Facebook has raised US$1.5 billion in its latest funding round, putting its total valuation at $50 billion. The company will use the money to boost its cash reserves and gain “financial flexibility” without significant dilution to current shareholders. Facebook raised $500 million from Class A common stock in December, bought by Digital Sky Technologies (DST), The Goldman Sachs Group and funds managed by Goldman Sachs. Goldman Sachs completed an “oversubscribed offering” for clients abroad who invested in $1 billion of Facebook.”]

Source: https://www.csoonline.com/article/2126871/facebook-raises–1-5-billion–at-a-valuation-of–50-billion.html