Russian Web firm invests in Facebook

rpm

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• May 27, 2009

• #1

Russian Web firm invests in Facebook

Facebook said on Tuesday that a Russian Web investor had purchased a nearly 2% stake in the social network giant for $200 million, valuing the company at some $10 billion.

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A

afrodeity

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• May 30, 2009

• #2

How does FB make money? Surely not through advertising?

 

ToxicBunny

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• May 30, 2009

• #3

Hmmmmm, as far as I know, FB still isn't "profitable", not enough to justify a $10b pricetag at least

 

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Stickfigure

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• May 30, 2009

• #4

From what I've heard, FB will only make Mark Zuckerberg money if he sells it.

 

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Empiricism Philosopher

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• May 30, 2009

• #5

Fb has loads of adverts?

 

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• May 31, 2009

• #6

afrodeity said:

How does FB make money? Surely not through advertising?

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Yes, through advertising. You may not see it as much in S.A. (I guess not many clients there?) but their targeted ads can be uncomfortably accurate.

 

d0b33

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• May 31, 2009

• #7

You kidding me? that site is infected with ads.