The paper mentioned the Securities and Exchange Commission

Facebook has reportedly raised funds from Goldman Sachs as well as a Russian investor in a deal valuing the social networking internet site.The New York Occasions said that Goldman was investing $450m in Facebook, and Digital Sky Technologies yet another $50m.The paper, citing unnamed sources, mentioned the terms with the deal implied a value for Facebook of just over $50bn.ldman's involvement could also raise speculation that Facebook might float on the stock industry.The Monetary Occasions also reported that Goldman was investing $375m in Facebook, with Digital Sky putting in $75m.Cashing in A Facebook spokeswoman told the BBC that the firm was not commenting on the New York Occasions story. Goldman also declined to comment.If valued at $50bn, Facebook is worth a lot more than eBay and Time Warner.The fresh investment is expected to be utilized to fund development of new merchandise and possibly make acquisitions, the New York Times stated.It may also enable Facebook workers and early investors to money in some of their stakes.

The paper mentioned the Securities and Exchange Commission (SEC) was looking at the growth within the private market for trading in firms like Facebook, Twitter, and LinkedIn.Regulators are concerned that, with this private market place booming, firms are able to circumvent public disclosure specifications.Further scrutiny by the SEC could aid push Facebook towards a public listing, although the company's founder, Mark Zuckerberg, has denied there are plans for a flotation.Hundreds of French mobile telephone users say a bug has prompted them to send dozens of unintended new year messages.French mobile operators have currently revealed that 930m texts had been sent on New Year's Eve and New Year's Day.Now it has emerged that individual Orange consumers unwittingly sent as many as 130 text or picture messages - potentially at a high additional expense.Orange has blamed a "network operator failure" for the bug, saying it affected only some hundred individuals.

Dozens of consumers complained that the problem had led to them getting charged hundreds of euros additional. Multimedia (MMS) messages are likely to be charged at a higher rate than text only (SMS) messages.1 user, who identified himself only as Didier, wrote on an Orange user forum that he had been billed for 300 picture messages.An additional complained that his family members and buddies had received the same MMS text 15 occasions.Orange, which is owned by France Telecom, pledged that no-one will be overcharged.A spokesman for the firm stated that 1 "of the network operators had had technical issues during the night" and refused to name the operator in question.Nonetheless, other operators insisted they had not encountered any difficulties.