Facebook Borrowing $100 Million for More Servers
Saturday, May 10th, 2008;
-- Janet Meiners | 9 Comments » |
Facebook is borrowing $100 million to accommodate growth on the site. The money, from venture loan firm TriplePoint, brings the amount raised to around $350 million.
The site has grown quickly and needs around 50,000 more servers to handle the load. Facebook has over 70 million active users and around 109 million monthly visitors.
According to Business Week, Google and Microsoft need a lot of server space. Google has at least a million servers and adds 500,000 per year. Microsoft is adding 200,000 servers per year.
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