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

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

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

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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.

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