TechCrunch is reporting that Facebook has turned down a potential $200 million VC funding round which would have valued the company at $8 billion. The sticking point appears to have been the demand by the potential investor of a seat on the company's board. What's more, the article suggests that the social network is telling investors that it expects to reach $550 million in revenue this year, up from $280 million last year.Source: TechCrunch – http://tinyurl.com/r5xbvu
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