Quora’s Worth $400 Million Now

WSJ reports: Question-and-answer site Quora Inc., started by two of Facebook’s earliest employees, Adam D’Angelo and Charlie Cheever, has raised $50 million in a new financing that values it at $400 million, up from a valuation of around $86 million two years ago, said people familiar with the matter. The new financing round is being… Continue reading Quora’s Worth $400 Million Now

May 18 Is the Facebook IPO

BREAKING: Facebook’s IPO is set for May 18. The IPO roadshow will start on Monday. on.wsj.com/97vJbq — Wall Street Journal (@WSJ) May 1, 2012 I predict Facebook will be worth $130 billion before the end of the summer, if not sooner. Let the fun begin!

Facebook Pays Half an Instagram to Protect Itself from Yahoo’s Patent Lawsuit

From Facebook’s newsroom: “Microsoft Corp. and Facebook announced today a definitive agreement under which Microsoft will assign to Facebook the right to purchase a portion of the patent portfolio it recently agreed to acquire from AOL Inc. Facebook has agreed to purchase this portion for $550 million in cash. In the initial AOL auction, Microsoft… Continue reading Facebook Pays Half an Instagram to Protect Itself from Yahoo’s Patent Lawsuit