Facebook Raises $500 Million in Funding, Now Worth $50 Billion [REPORT]

Facebook has received a massive new round of funding: $450 million from Goldman Sachs and $50 million from Russian investment firm Digital Sky Technologies, according to a new report.

Facebook has raised more than $800 million over five rounds of funding. With this round, the social network will have raised more than $1.3 billion. The New York Times says that the deal sets the company’s valuation at a whopping $50 billion.

Read the entire article at Mashable.