Facebook now worth $50 billion!


Facebook hits the world’s headlines today with its new cash: The popular social networking site has raised $500 million from Goldman Sachs and a Russian investor at a $50 billion valuation, the New York Times’ Dealbook reports.

What should Facebook do with its new cash? Many things, for sure. They will have more firepower “to steal away valuable employees, develop new products and possibly pursue acquisitions.” Or preparing a robust strategy in order to conquer the Chinese market –which is currently banned.

Let’s see.


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