Net Worth of Top Social Networking Site Reaches $50 Billion, Move To Publicly Traded Company Inevitable
| By AMIR ALI SAID |
According to various reports, Goldman Sachs has invested $450 million in the Social Networking site Facebook. That's a hefty amount of money in one of the most popular social networking sites out there. But this investment in the company has led to the site's worth reaching $50 billion. To give you a little insight into how big that is I'll tell you which companies Facebook is now worth more than. Facebook is now worth more than eBay, Yahoo and Time Warner. Just in case your wondering, each company that I just mentioned has been around longer than Facebook. But even though that's true, Facebook is emerging as a leader in the social networking market. This investment will only fuel it more.
Facebook and Twitter are the kings of social networking right now. It's a battle for the number one spot and right now I'm not sure who holds it. However, this huge investment from Goldman Sachs has pushed Facebook into a new day. The company has now gotten a hefty investment from one of the greatest banks to ever exist. There's no mistaking the interest and belief the bank holds in Facebook after their investment. Let's not forget, when any company in particular makes an investment in another it's a sign that they have a vested interest in that company. But above all, with this Facebook situation one more thing has been raised. The possibility of Facebook being a publicly traded company.
There has already been rumors and talk about the site possibly going public. But now that the site has reached a $50 billion net worth it seems like that move would be inevitable. The company is now worth a lot of money and it's in the spotlight. According to a washingtonpost report, the Securities and Exchange Commission is preparing to launch an investigation into Facebook, Twitter, LinkedIn and Zynga stock trades. When investigations come around, anything could turn up. But besides that, Facebook would certainly want to stay a step ahead of Twitter. They could achieve that by making smarter, more effective, quicker moves.
Amid the breaking news of this investment expectations have soared higher for Facebook. An investment of its nature is certainly market changing. Goldman Sachs has sent a statement to Twitter and anybody other doubters out there who don't think Facebook can lead the social networking era into a new wave. But the thing about this investment that's puzzling is that Facebook received it. Twitter came along and changed the whole market, and for awhile appeared to blow Facebook out of the water. But now, I no longer have that feeling. Where's the money backing Twitter?






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