Russian investor pumps $200 million into Facebook

27 May 2009

Facebook has received a fresh injection of capital. A Russian investment firm, Digital Sky Technologies, has invested $200 million in the social networking company in return for a 1.96 percent stake. That puts Facebook’s value at $10 billion – a $5 billion drop from Octo

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.