Facebook named a new CFO today, his name is David Ebersman. Ebersman has some prior CFO experience at other firms and should be a huge asset to Facebook. I think the question that we have all been wondering about will soon be answered, and that question is, “when will we see the Facebook IPO?” I […]
Facebook Raises $200M; Now Valued at $10 Billion
I am somewhat familiar with what all goes into the valuation process of a standard website, but I would know where to start estimating the value of a social network like Facebook, I can only imagine the work that went on behind closed doors to arrive at $10 Billion Dollars, whew! One thing that amazes […]
SEC Allows Additional Facebook Investors
We learned today that the SEC has issued a ruling that will allow Facebook to take on more than 500 investors. 500 is generally the magic number that the SEC keys on when evaluating a company. Keep in mind that Facebook is still privately held but is surpassing it’s rival MySpace which is now publicly […]
Facebook Gets $100M Loan for Servers
Wow, talk about a bank note! Facebook just got a $100 million dollar loan from a venture capital group out of California so they can add additional servers to their infrastructure. Get this, they were able to pull off this deal without tying up any equity in the company. I think in some ways this […]
Twitter = $80 Million Valuation
To me this is a little hard to understand. I have just been writing off Twitter’s recent reliability issues and poor service to lack of funding, growing pains, and Ruby on Rails in general, but after reading how easily these guys have been able to secure investors and financing it makes me wonder if it’s […]