Facebook Gets Another $500 Million?

 By 
Stan Schroeder
 on 
Facebook Gets Another $500 Million?

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Word on the street says that Facebook has received another $500 million in funding from two hedge funds in New York, in addition to the $240 million investment from Microsoft which was announced yesterday.

This is, supposedly, at the same $15 billion valuation, which would mean that Facebook just got $740 million for 5% of its assets, which doesn't sound like a bad deal at all.

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