Press Here
SUNDAYS @ 9 AM
NBC BAY AREA

Facebook Gets Another $38 Million, Raises Valuation to $52 Billion

Email
|
Print

    NEWSLETTERS

    Facebook
    Facebook drills down on the privacy settings for its Prioritization feature.

    The numbers at Facebook just keep going up and up.

    The Peninsula-based social networking site has a small corner of its company going to
    Kleiner Perkins Caufield & Byers for a cool $38 million of stock.

    Current shareholders gave up their shares at a valuation of $52 billion. The valuation is a $2 billion jump from from the recent number thrown out by Goldman Sachs when it was part of a $1.5 billion investment round.

    Kleiner Perkins Caufield & Byers made billions of dollars off early investments on companies like Google and Amazon.