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Facebook borrows $100M to build out its infrastructure

Posted on May 09, 2008

Facebook is borrowing $100 million from venture loan firm TriplePoint to finance the expansion of its server farms, and other infrastructure expenses, Business Week s Spencer E. Ante reports. Why this additional money? Because the site is still growing really fast. It now has 109.2 million monthly users worldwide, according to comScore numbers cited in the article which is much higher than even the 70 million number currently listed on Facebook s own site. The company needs to build out its infrastructure to cope with its nonstop growth.Earlier this year, a leaked report said Facebook...

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facebook , google , youtube