Facebook has $500 million in revenue, it’s the fourth largest site in the world, and it grew twice as fast as Twitter in July. New revenue streams (such as ‘real gifts’) loom on the horizon. Still, the firm’s $100 million program that allows employees to cash out up to 25% of options before going public, is oversubscribed. The buyout offer comes through Digital Sky – a firm that invested in Facebook earlier in this year at a valuation of $10 billion. The buyout offers value Facebook at $6.5 billion – a nice bit of arbitrage for the Russian investors.
Interesting side note: Sarah Lacy, who wrote the BusniessWeek column above & also writes for TechCrunch states that TC has been valued at $30 million!