The new investment by the billionaire, which was revealed in a regulatory filing by Soros Fund Management for his holdings at the end of June, is contrary to move of other investors who have been rapidly “defriending” Facebook ever since it listed in May.
Shares in Facebook, which was one of the biggest listing in history and one of the worst performing, have plunged by almost 50pc from their listing price of $38 per share. They’ve dropped around 34pc since Mr Soros bought his stake amid doubts over the value of the company.
Full Story: George Soros ‘likes’ Facebook with $10m investment