Tech Town, NC

Multiple sources are not reporting on the additional money raised by Facebook’s recent round of financing. The rumor-cum-story is that two New York Hedge Funds have also pitched in for the same 1.6 percent share that Microsoft acquired. That brings the total financing up to about 750 million, a number that had been floated around prior to yesterday’s announcement. I’d love to see those valuation models. Oh wait, they probably don’t exist.

$150 million revenue * Google = Microsoft scared senseless