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TriplePoint
Facebook Takes Out $100 Million Loan For More Servers
By Janet Meiners - Mon, 05/12/2008 - 12:09pm.
Facebook is borrowing $100 million to accommodate growth on the site. The money, from venture loan firm TriplePoint, brings the amount raised to around $350 million. The site has grown quickly and needs around 50,000 more servers to handle the load. Facebook has over 70 million active users and around 109 million monthly visitors.
Facebook Borrows $100 Million for Growth Purposes
By Janet Meiners - Sun, 05/11/2008 - 11:06am.
Facebook is borrowing $100 million to accommodate growth on the site. The money, from venture loan firm TriplePoint, brings the amount raised to around $350 million. The site has grown quickly and needs around 50,000 more servers to handle the load. Facebook has over 70 million active users and around 109 million monthly visitors.
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