For those interested in the constant fluctuation of billion dollar marketing products, this one will definitely take your fancy. Business tycoons have now branched an incredible stake in Facebook for a minority share. For those not so marketing-minded… Facebook is now worth £32Billion dollars.
The ever-growing social network site is now becoming so big that everyone wants a share. Thanks to a cash injection from Goldman Sachs and Digital Sky Technologies for a minority share, the massive online company is now worth £32Billion dollars. After the cash jump, numbers have boosted and it is now confirmed that Facebook is worth double that of Yahoo and roughly the same value as Cadbury owners, Kraft Foods.
However the social giant is still a long way behind search engine Google, who are estimated at approximately £122Billion. Facebook are catching up quickly though, and I’m sure will be on par with them in the near future. They have already managed to steal most website visits, overtaking Google. It is estimated that Facebook attracted a massive 500million more views than last month alone – showing that Facebook is on the up and not suffering from the draught in cash.
The value of Facebook has increased drastically over the passed 5 years, which proceeds to show that more good fortune is to come. With over half a billion users wordwide, Facebook is now a household name, and a sought-after profit maker for those wealthy enough to invest. Microsoft penned a 1.6 percent stake in the giant, which cost £155million – there is no end to the rise in profits!
A silly question… do you have Facebook? If so, are you hooked to it?
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