Is FB Worth $70 Billion... These Guys Think So...

by MaxReferrals

Posted: 13 years ago 1 replies

INTERNET MARKETING

Investment fund GSV Capital Corp. announced that it has bought 225,000 shares in Facebook at an average price of $29.28 per share.

"GSV is investing in Facebook because it believes the social network has significant potential to generate revenue from advertising and other sources, says Michael Moe, the company's CEO and founder."

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Social Media - Is Facebook worth more than $70 billion? - Internet Retailer

#$70 #billion #guys #worth

JamesGw 13 years ago

I do not doubt that it's worth that much at all. That said, they really need to start branching out and acquiring more investment properties if they want more sustainability.
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