Social network Facebook is now the world’s third largest website, overtaking Yahoo with an estimated 648 million global visitors in November 2010. It’s now behind only Microsoft (869 million visitors across its network of sites) and Google (970 million). But big news for Facebook came this week, as it revealed plans to raise a whopping $500 million funding round from Goldman Sachs and Digital Sky Technologies. The round values Facebook at $50 billion, or – as the FT points out – values each of its users at roughly $100. The round is thought to position Facebook for a big IPO sometime in 2012.Read more:

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