Goldman Sachs boosts Facebook value to $50 billion


Facebook : A major infusion of financing that has elevated the projected value of Facebook Inc. to $50 billion may be the most concrete sign yet that the social-media king is becoming the center of Online Advertising and commerce, experts said Monday.

PHOTOS: Facebook in pictures

The social-media world rippled with news over the weekend that the Palo Alto firm has received a $500 million infusion - $450 million from the formidable Wall Street Investment Firm Goldman Sachs Group and $50 million from Digital Sky Technologies, the Russ...

VIDEOS: Facebook in videos