Did Facebook Raise $740 Million?

According to Elizabeth Corcoran at Forbes, Facebook raised a total of $740 million thanks to two $250 million investments from separate hedge funds. This doesn’t come as much of a surprise given that is was rumored that Facebook was seeking to raise $750 million. Whatever the case, Mark Zuckerberg must be happy now that he is worth $4.5 billion based on Facebook’s new valuation of $15 billion. It’s definitely time for Zuckerberg to go out and party like a rockstar.