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Published on Mar 23, 2012
Jan. 21 (Bloomberg) -- Lou Kerner, a social-media analyst at Wedbush Securities Inc., talks about $1.5 billion in financing raised by Facebook Inc., owner of the world's most popular social-networking site. Goldman Sachs Group Inc. -- and funds managed by the firm -- along with Digital Sky Technologies invested $500 million in Facebook in December, valuing the company at $50 billion, Facebook said today in a statement. Goldman Sachs has also completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion, also valuing the company at $50 billion. Kerner talks with Carol Massar, Julie Hyman and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)