Saturday, February 04, 2012

Social media turning to India for growth


Facebook raises $500 million from Goldman Sachs and Digital Sky Technologies in a latest deal valued the FB at the price of $50 billion.  Facebook  is opting for raising $5 billion in one of the world’s most popular public offerings (IPOs) of stock is lying heavily on India and Brazil.

According to FB it is trying to increase its user base across geographical boundaries including the countries Brazil, Germany, India, Japan, Russia, and South Korea. It is concentrating on India and Brazil as a key area of growth and sustenance. In India it has now 46 million users and it achieved an impressive growth of 132% in 2011. Facebook has its regional support centre in Hyderabad, India.  

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