DISQUS

Mashable - The Social Media Guide: 2007/06/12/facebook-sold-shares/

  • web lockr · 2 years ago
    on facebook blog they already said before the F8 event that they have 160 TB of storage and 60TB are extra.. i don't know if there are other hardware needed other than server, storage, back-up.
  • Marcus Greenwood · 2 years ago
    sounds unlikely. ~$100m would sure buy a lot of servers! ;)
  • Chris Veerabadran · 2 years ago
    If it is true, it is time for Facebook to sell it to Google, they have plenty of servers and money.
  • Chris Veerabadran · 2 years ago
    Kirsten I did a google search, it does say this fact in Times article. http://tinyurl.com/yvpzzl

    It says the following brief message there, I thought Google will cache the whole article but even a little snippet mirrors what you are saying.

    The owners of Facebook, the fast growing social network, were forced to sell a significant share in the company because they did not have enough computers ...
  • Rian · 2 years ago
    I find it an unlikely story.. I have no idea how facebook monetizes, or what their revenue is but like Marcus said, hardware is fairly cheap these days.

    Big question is where this rumor came from, is Mark maybe testing out the market for FB shares?
  • Chris Nixon · 2 years ago
    Interesting that this story was pulled.

    The Times is owned by MySpace owner, Rupert Murdoch.
  • RYK · 2 years ago
    story is true, I bought them :)
  • Chris Veerabadran · 2 years ago
    http://technology.timesonline.co.uk/tol/news/te...

    The story is back again, check this link. It says Facebook tried to sell it more than a year ago.
  • Pinni · 2 years ago
    The article is still up at timesonline, they just seem to have changed the URL.

    The URL is http://technology.timesonline.co.uk/tol/news/te...
  • enc ee · 2 years ago
    So sad.
  • Nick O'Neill · 2 years ago
    If you read the article it says that this took place a year ago. This is completely possible given that Facebook is one of the largest photo storage companies on the net. What others inferred from this article was that they did it recently to handle the recent upsurge in traffic. This is not the case.
  • Brandee Barker · 2 years ago
    Hi Kristen,

    The Times story is referencing funding information from more than a year ago. Per my comment in the article, Facebook has raised more than $37 million in venture capital to support our growth, including systems operations. We now have several data centers with thousands of servers and, of course, our investors have a stake in the company.

    Brandee Barker
    Corporate Communications
    Facebook
  • Theodoros · 2 years ago
    Nice!