And now, thanks to a $500 million infusion of capital from Goldman Sachs and Russian investor Digital Sky Technologies, Facebook is reportedly worth $50 billion.
If that $50 billion valuation is accurate, Facebook is now worth more than Yahoo!, eBay and Time Warner, and is running up hard against such Internet giants as Amazon and targeted rival Google.
Some, like Google and Amazon, developed an enduring online presence and lasting financial value. But far too many—GeoCities, Freeinternet.com, theGlobe.com, and others—quickly lost value when it became apparent that their rapid growth wasn’t yielding revenue. Investors who sold their dotcom stocks before the bubble burst made fortunes—those who didn’t lost their shirts.
Source: Social Media: the next dot com bubble (Newsweek)