@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

Facebook Raises $100 Million

Posted by iBlog on May 13, 2008

Facebook is about to stuff more cash into its already full coffers. Having raised $360 million in the span of seven months, the social network has clinched another $100 million.

Palo Alto (Calif.)-based Facebook will raise the additional funds to purchase servers, powerful computers designed to ensure the site can handle a swiftly rising number of users and the dizzying array of whiz-bang applications people add to profile pages. “It will be used entirely for servers,” Facebook Chief Financial Officer Gideon Yu says in an interview.

http://www.businessweek.com/technology/content/may2008/tc2008059_855064.htm?campaign_id=rss_daily&referer=sphere_related_content&referer=sphere_related_content

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: