US publication Mediaweek reports that Facebook has received a $200 million investment from Digital Sky Technologies, a firm based in Moscow and London that has invested in several internet and social networking companies. The investment buys Digital Sky a 1.96% stake in the company.
The investment brings the value of Mark Zuckerberg’s dorm room creation to $10 billion, less than two years after Microsoft bought 1.6% of the company for $240 million. Since that time, Facebook has grown larger and more global, with 70% of its traffic from outside the US. (No statistics on how much of that comes from Makati during office hours!)
Sponsor
