Facebook Obtains $500,000,000 New Round
Jan 03, 2011 • Deals • TechZulu Inc.
| Company Name | |
| Information Release Date | 1/3/2011 |
| Transaction Type | Venture Equity |
| Amount | $500,000,000 |
| Round | Undisclosed |
| Proceeds Purpose | The new money will give Facebook more firepower to steal away valuable employees, develop new products and possibly pursue acquisitions. Investment may also allow earlier shareholders, including Facebook employees, to cash out at least some of their stakes. |
