FACEBOOK

Facebook is getting a $200 million investment from a Russian investor. It values the social networking site operator at $10 billion even though it has yet to turn a profit.
The investment gives Digital Sky Technologies a nearly 2 percent stake in Palo Alto, Calif.-based Facebook’s preferred stock.
The valuation for Facebook is less than the $15 billion implied in 2007. That is when Microsoft spent $240 million for a small stake in the company. However Facebook’s own appraisal after the Microsoft deal gave the company a market value of about $3.7 billion, according to details revealed in a legal settlement.
The latest investment does not necessarily compare with what the company’s common shares would be worth on the open market. That would be determined if the company were to go public, which is likely a ways off.