Facebook has received $25 million investment from Greylock Partners. Facebook will use Greylock funding to develop new functionality and make it valuable for users and advertisers.


Facebook has received $25 million investment from Greylock Partners. Facebook will use Greylock funding to develop new functionality and make it valuable for users and advertisers.

Mark Zuckerberg, Founder and CEO, said: “We’re still in the early stages of building Facebook. We’re constantly developing new functionality to make Facebook more useful and this funding will help accelerate our development efforts”. [source]

David Sze, General Partner, Greylock Partners, said: “Facebook has become an essential part of daily life and an important brand for an influential, hard-to-reach demographic. We’re excited about the value Facebook is creating for users and advertisers”. [source]

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