Facebook board member Marc Andreessen in a Reuters interview stated that he anticipates the social networking giant to reach $500 million in 2009 and billions more in five years. "There's every reason to expect in my view that the thing can be doing billions in revenue five years from now," Andreessen said.
Recently Facebook reportedly turned down $200 million in funding at a generous valuation of $8 billion because of the stipulation that a board of directors seat
Digital Sky Technologies, a Russian investment firm that recently purchased a 2% preferred stock stake in the Facebook social media company is looking to acquire an additional $100 million in common stock shares. The $200 million agreement in May of this year valued Facebook at approximately $10 billion.