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Facebook receives another healthy investment

by Parm Mann on 30 November 2007, 10:03

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Loose change for Li Ka-shing

According to AllThingsD.com, Hong Kong billionaire Li Ka-shing, aged 79 and named ninth richest person in the world by Forbes, has made an investment of $60 million in Facebook.

Last month, Microsoft beat Google in a race to invest in the hugely popular social networking mammoth with an investment of $240 which ultimately resulted in Facebook being valued at $15 billion, providing Microsoft with a mere 1.6% stake in the company.

Not to be deterred however, Li Ka-shing, chairman of Cheung Kong Holdings Limited and Hutchison Whampoa Limited, has made the investment via another investment entity and also has the option to invest a further $60 million if he wishes to do so.

AllThingsD.com also report that according to their sources, Facebook are still looking to raise further investments. Any readers out there have a few million to spare?

Source: AllThingsD.com



HEXUS Forums :: 3 Comments

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If facebook is free, then why are these companys investing so much money in it?

Im starting to wonder about leaving so much of my personal information on there network.

What do other people think?:confused:
Ravens Nest;1277714
Im starting to wonder about leaving so much of my personal information on there network.
B I N G O…… B I N G O….

Because when you look at someone like google, how much their worth from advertising alone. Google has to build complex maps of what add someone should see, based on the search string, previous search strings etc.

Facebook has a large selection of ABC1s or what ever the hell they're called, the most profitable advertising group, young stupid people with money. And as a true member of that group i'm all too happy to go out and buy something with the vain hope of making my life better. But they can work out what I like, my friends like, my postcode likes etc. You tell facebook everything they need to know.
I'm nearly in the “mid-30's no dough in pocket no longer living at my parents” group

Quite disturbing to think that all our info is stored and is pretty much collateral in this internet based world we all seem to live in.