Saturday, May 23, 2009
Facebook's Newest Suitor
This article outlines the recent overture by a Russian internet investment group to Facebook to purchase 200 million dollars of preferred stock. With 70% revenue growth forecasted and an estimation that the company will be cash-flow positive by 2010 makes the company attractive. I'd like to see an IPO by 2010 or 2011, allowing the company to raise a lot of capital and perhaps expand in ways that it hasn't before.
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