Goldman Sachs Invests $450 Million in Facebook

Facebook is reportedly receiving a combined total of $500 million in new investment money with $450 million coming from Goldman Sachs and another $50 million from Russia’s Digital Sky Technologies.

This is all happening based on a jaw dropping $50 billion valuation of Facebook.

Speculation as to what is going to be done with this money runs a wide range.

From Mashable

The first thing Facebook’s likely to do with its $2 billion in new funding is to cash out some of its existing investors and employees. The social network previously did this when DST bought $200 million in Facebook stock from its employees. Some of its early investors may also reach into the $2 billion pot and cash out.

Once that’s done, it’s all about growth.

Happy 2011 Pilgrims!

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