Mashable - The Social Media Guide - Latest Comments in Facebook Sold 10% of Shares?

Re: Facebook Sold 10% of Shares?

Theodoros — Sun, 09 Sep 2007 18:08:29 -0000

Nice!

Re: Facebook Sold 10% of Shares?

Brandee Barker — Wed, 13 Jun 2007 20:35:49 -0000

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

Re: Facebook Sold 10% of Shares?

Nick O'Neill — Wed, 13 Jun 2007 19:59:16 -0000

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.

Re: Facebook Sold 10% of Shares?

enc ee — Wed, 13 Jun 2007 11:04:56 -0000

So sad.

Re: Facebook Sold 10% of Shares?

Pinni — Wed, 13 Jun 2007 10:59:49 -0000

The article is still up at timesonline, they just seem to have changed the URL.

The URL is http://technology.timesonli...

Re: Facebook Sold 10% of Shares?

Chris Veerabadran — Wed, 13 Jun 2007 09:20:43 -0000

http://technology.timesonli...

The story is back again, check this link. It says Facebook tried to sell it more than a year ago.

Re: Facebook Sold 10% of Shares?

RYK — Wed, 13 Jun 2007 08:46:36 -0000

story is true, I bought them :)

Re: Facebook Sold 10% of Shares?

Chris Nixon — Wed, 13 Jun 2007 07:49:23 -0000

Interesting that this story was pulled.

The Times is owned by MySpace owner, Rupert Murdoch.

Re: Facebook Sold 10% of Shares?

Rian — Wed, 13 Jun 2007 06:38:21 -0000

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?

Re: Facebook Sold 10% of Shares?

Chris Veerabadran — Wed, 13 Jun 2007 05:26:37 -0000

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 ...

Re: Facebook Sold 10% of Shares?

Chris Veerabadran — Wed, 13 Jun 2007 05:12:45 -0000

If it is true, it is time for Facebook to sell it to Google, they have plenty of servers and money.

Re: Facebook Sold 10% of Shares?

Marcus Greenwood — Wed, 13 Jun 2007 05:01:00 -0000

sounds unlikely. ~$100m would sure buy a lot of servers! ;)

Re: Facebook Sold 10% of Shares?

web lockr — Wed, 13 Jun 2007 00:38:57 -0000

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.