Sunday, January 23, 2011

Cash is King - Growth Potential

FACEBOOK has raised $1.5 billion in new financing led by Goldman Sachs, and will continue to invest in its business. 

Facebook's CFO, David Ebersman, said: ''Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing. With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead.'' 

Cash is the key to survival of a business and this signals a good direction for the social media giant. 

“Cash is an asset that sits on the sideline and waits to be invested,” - Howard Silverblatt

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