Facebook value skyrocketing

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Social media site Facebook has been much in the news of late. Its creation was the subject of what many predict will be an Oscar-winning movie. Its founder, Mark Zuckerberg, was recently dubbed Time Magazine’s 2010 Person of the Year. 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.

Oh, really?

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.

Full story: Social Media: Next DotCom Bubble? | Newsweek