TriplePoint Capital

Report: Facebook Secures $100 Million Loan to Add Servers

Authored by Mark Hefflinger on May 12, 2008 - 6:25am.

Palo Alto, Calif. - Online social network Facebook has secured a new $100 million venture lending deal with TriplePoint Capital, adding to the $360 million it has landed over the past seven months, BusinessWeek reports. Facebook chief financial officer Gideon Yu told BusinessWeek.com the funds "will be used entirely for servers."