
Originally Posted by
Pinkdimensions
nope... i think you should read this..
Facebook Borrows $100mm...Because It Couldn't Sell Stock? another thing also is that their COO left. Very rare move at this stage. i think something is wrong here.
They did a conference call several months ago and pre-announced that they would have a "down" year in 2008. They blamed it on server and co-location buildouts, hence, according to reports Facebook just borrowed $100 million to build more data centers.
the most admired and sexy company now in hot waters...