Jacob Says Facebook's $50 Billion Valuation `Justified'

Tue, 01/04/2011 - 13:27 EDT - Bloomberg - Video News

Jacob Says Facebook's $50 Billion Valuation `Justified'

Jan. 4 (Bloomberg) -- Ryan Jacob, chairman and fund manager at Jacob Asset Management, discusses Facebook Inc.'s estimated $50 billion valuation after Goldman Sachs Group Inc. and Digital Sky Technologies were said to have bought a $500 million stake in the social-media company. Jacob speaks from Manhattan Beach, California, with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
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Geoff Abbott submits: Lots of people have weighed in on yesterday's $500 million investment in Facebook by Goldman Sachs (GS) and Digital Sky Technologies. Each report I've seen about this investment notes two key things: the $50 billion valuation and the fact that the new influx of cash allows Facebook to continue to operate as a private entity. It's stunning to me that reporters and an
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Felix Salmon submits: The NYT reports that Goldman Sachs (GS) is investing $450 million of its own money into Facebook and that it’s bringing along $50 million from Digital Sky Technologies and as much as $1 billion more from its high-net-worth clients — all at a valuation of $50 billion.

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