Holy Kaw!

All the topics that interest us.

Facebook valued at $23 billion?

Media_httpuploadwikim_ilpgf

When equity firm Elevation Partners bought $120 million in Facebook stock, it also revealed a little factoid as well, says Reuters: The social networking site is worth $23 billion. In 2009 alone, the company allegedly generated between $700 million and $800 million with its 500 million users. 

Read the full story at Reuters.

Stay on top of the latest on Facebook and other social media.

Posted by

Comments are off for this post.

  • Fabian Schlosser

    That’s $46 per user!

  • […] kaw!” response when one reads it—for example, “Holy kaw, Facebook is now worth $23 billion!” We write up the story or embed the video and post it to the Holy Kaw part of Alltop (we […]