Facebook has borrowed $100m (£51m) as
part of plans to expand its core infrastructure.
The money raised from Triplepoint Capital
will be used to buy new servers for supporting the social network's increasing
volume of users, according to Business Week.
The MySpace rival received 109.2
million visitors in March, according to traffic measurement site comScore – a
rise of 240 per cent on the previous year.
The new investment adds to the $360m (£183.8m) Facebook has collected over
the past six months. Microsoft paid $240m (£122.5m) for a 1.6 per cent stake in
the company last October, while Hong Kong billionaire Li Ka-shing has now
invested $120m (£61.3m) in the firm.
Last week Microsoft showed interest
in expanding its stake in the social network, follwing the failure of its
attempt to buy Yahoo.
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Rumour mill goes into overdrive that the software giant is interested in a takeover, following the collapse of Yahoo talks 08 May 2008
Global investment will remain steady for the next five years before tailing off 21 Apr 2008
Social networking seen as a useful way to interact with the public and gauge opinion 10 Apr 2008
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