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Facebook has collected $360m over the past six months
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Facebook takes out $100m server loan

New infrastructure will help the social network to support its growing user base

Neon Kelly, Computing 12 May 2008
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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.

See also:

Logo collageRumour mill goes into overdrive that the software giant is interested in a takeover, following the collapse of Yahoo talks  08 May 2008
GraphGlobal investment will remain steady for the next five years before tailing off  21 Apr 2008
Picture of Ordnance Survey dataSocial networking seen as a useful way to interact with the public and gauge opinion  10 Apr 2008

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Tags: Hardware, Internet, Strategy

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