While Apple was valued at $300 billion today, the bigger news was Facebook's new market evaluation. Thanks to a $450 million investment from Goldman Sachs and a $50 million investment from Russian investment firm Digital Sky Technologies, Mark Zuckerberg's little social network is now valued at $50 billion. That's more than eBay, Time Warner, and Yahoo!. Even crazier is the effect the deal may have on Zuckerberg. When Facebook was valued at $23 billion, homie was worth $6.9 billion. Now reports are saying he could double that amount to place him right underneath the Google cofounders. And the rich get richer. [NY Times]
Bargain HDTV maker, Vizio, announces plans to produce Android-powered tablets and smartphones. [Gizmodo]
Samsung's new 3-D glasses almost make seem as if you're not wearing glasses at all. [Engadget]
Kinect-like gaming is coming to your PC. [Business Insider]
You watch the ball drop every year, now learn how it actually works. [Techland]
Here's how to add a speed-dial icon to your iPhone homepage. [Life Hacker]
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head shots January 3rd, 2011 at 05:28 PM
I really don't see how Facebook can be valued at 50 bil. The last time i checked a business has to make money. I'd like to see some reports on how much money Facebook is making.
yodipshit January 4th, 2011 at 12:42 AM
you dont know how advertising and the internet works do you fag