Facebook Borrows $100 Million for Growth Purposes

Search Engine Marketing > Top News - WebProNews

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.

Full article at: http://feeds.feedburner.com/~r/WebpronewsTopNewsRssFeed/~3/288100859/facebook-borrows-100-million-for-growth-purposes

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Channel Title: Top News - WebProNews
Channel Description: The top news headlines in Internet business from WebProNews.
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Time added to seo24 archive: 02:00:14 - 12/05/2008 - Current server time: 15:25:37
seo24 Category: Search Engine Marketing