Goldman Sachs Invest $50 Billion on Facebook along with Digital Sky Technologies...

Is Facebook worth that money?

Facebook has raised $500 Million from Goldman Sachs and an Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 Billion, the New York times reported citing people involved in the transaction.
This deal has made Facebook worth more than companies like Yahoo, eBay and Time Warner.

Representatives for Facebook, Goldman and Digital Sky Technologies all declined to comment.Facebook's competition with search giant Google has intensified more with this deal. Now why a financial giant like Goldman Sachs would invest so much in a social networking company is yet to be uncovered. But not for long. The pressure on Facebook will soon make them roll out their future plans..