Saturday, May 10, 2008

Facebook: Friends with Money

by Spencer E. Ante

"The social network taps a fresh source of funds for $100 million and will buy more servers to support its growth in users and applications.

It will be used entirely for servers," Facebook Chief Financial Officer Gideon Yu says in an interview. The slug of cash will help Facebook buy approximately 50,000 more servers...

Forrester Research's Gillett estimates that Google, owner of the world's biggest Web search engine, is buying half a million servers each year, while Microsoft's (MSFT) annual consumption is as much as 200,000 servers."

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