Facebook to Sell More Stock
NMA report that Facebook are to again sell some more stock, reportedly to the same Russian firm Digital Sky Technologies. This time they are looking to purchase $100m for a 1.96% equity stake, which values Facebook at $6.5 billion.
In a statement, Facebook CEO Mark Zuckerberg, said, â€œThis is recognition of Facebookâ€™s growth and progress towards making the world more open and connected.â€
Read the original article at NMA.