Goldman investment values Facebook at $50bn

Facebook has received a $500m (£321m) investment from Goldman Sachs and Russian investor Digital Sky Technologies (DST) in a deal that values the social networking site at $50bn, according to reports.

Facebook: valued at $50bn
Facebook: valued at $50bn

The US bank is believed to have invested $450m in Facebook, while DST has provided a further $50m.

Facebook, which has more than 550 million users worldwide, refused to comment on the deal this morning.

The valuation has triggered speculation that Facebook could be considering an initial public offering.

Facebook's chief executive . He is estimated to have a fortune of $14bn.

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