Monday, January 3, 2011
After surpassing Google in overall hits for 2010, Facebook recently secured a $450M investman from Goldman Sachs and $50M from a Russian investor bringing the social networks estimated value at $50 billion which now makes it’s net worth more than eBay, Yahoo and Time Warner yes that Time Warner. Meanwhile Myspace will reportedly be laying off 50% of it’s staff. Ouch. – ICE
via cnn
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