Sunday, February 18, 2018
  • Tuesday, Jan. 4, 2011
$500 Million Investment In Facebook Underscores Belief In Profitability Of Online Social Marketing
  • NEW YORK (AP)
  • --

An injection of cash that values Facebook at $50 billion will help it delay going public for at least another year, giving the company breathing room to focus on long-term ambition rather than short-term profit.

The infusion -- $500 million from elite investment house Goldman Sachs...

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