Russian firm invests 200million $ in Facebook

Facebook is social networking site , Im sure we all have heard about it and many are a part of it , It has received a investment of 200 million dollars from a russian firm Digital Sky Technologies, an internet investment group, in exchange for a 1.96 per cent stake in the company.

Some might wonder ONLY 1.96 oer cent , But for companies that earn in billions , 1 percent of that is a huge amount .

In order to liquidify the current and former employees , Dst had initially indicated plans for an offer to buy atleast USD 100million of facebook shares for the current and former employees.

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[harkol]

The Online Community market is overcrowded and is primed for a burst. Facebook, Orkut, LinkedIn and so many others are competing for the same purpose. As with every industry, except for top 2 or 3, others will die.

So, who ever is investing in these companies are going to be either rewarded very highly for their risk, or they are going to loose their money.