"Facebook, the popular social networking site, has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, according to people involved in the transaction. The deal makes Facebook now worth more than companies like eBay, Yahoo and Time Warner." (continue reading)
DealBook also covered Groupon's ($GRPN) recent capital raise.
"The 30-year-old founder and chief executive of Groupon, Andrew Mason, could raise as much as $950 million from investors in the next few weeks, laying the groundwork for a multibillion-dollar initial public offering in 2011." (continue reading)
Social media is bubbling up! Amazing times for this space. Will Google buy Twitter ($TWIT)? Here's what Howard Lindzon, CEO and Co-Founder of StockTwits, had to say.
"I think that Google has to buy Twitter and that will start to be a meme soon. It’s a chess game and nuclear war now in the social space." (continue reading)