Confirming reports that have swirled for weeks, Facebook said Friday that it has raised $1.5 billion from Goldman Sachs and Digital Sky Technologies. The investment gives the company a valuation of approximately $50 billion.
Get ready for a clash of titans. As Google negotiates to buy daily-deal website Groupon in what is likely to be its most expensive acquisition ever, Amazon.com swooped in Thursday with a $175 million investment in LivingSocial, Groupon's most successful competitor.
YouTube, which has had to pull copyrighted videos off its site after legal attacks by some big media franchises, has enjoyed a surge in U.S. audience share that leaves it far larger than the next 64 video-sharing sites combined, a survey found.