What Is Facebook Actually Worth? - DealBook Blog - NYTimes.com

That’s not to completely dismiss the headline figure, it says. Under terms announced Tuesday, the Russian Internet investment group Digital Sky Technologies is plugging $200 million into the company for about a 2 percent stake. By that arithmetic, Facebook would indeed be worth $10 billion.For a company that, by its own admission, won’t generate positive cash flow until sometime next year, that’s an impressive figure to bandy about. True, Facebook’s last capital-raising 18 months ago, which brought Microsoft and the Hong Kong tycoon Li Ka-shing in as investors, put a $15 billion price tag on the company. But considering the trajectory of financial markets since then, the valuation attached to Digital Sky’s trade actually looks even more robust, Breakingviews says.

What Is Facebook Actually Worth? - DealBook Blog - NYTimes.com