Facebook Finishes $1.5 Billion Funding Round
Facebook has announced that the $500 million funding round from Goldman Sachs and DST has concluded, along with the $1 billion raised from Goldman clients.
Facebook said that this deal is “an attractive opportunity to bolster its cash reserves and increase its financial flexibility with limited dilution to existing shareholders.” The company plans to start publicly disclosing their finances in April 2012.
Facebook decided to limit the investment to $1 billion. One of the reasons why they most likely made this decision is because the social network company may have been upset that Goldman Sachs decided to limit the investment to international investors.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry