Facebook will last 100 years, as will Google and Wikipedia, according to early Facebook investor Yuri Milner, founder of Digital Sky Technologies, who spoke at a talk at SXSW 2013 hosted by Vanity Fair.
Vine has added sound and motion to the popular microblogging website, Twitter. Learn how to bring your information to life in our Vine webcast on Wednesday, June 19 from 4-5 pm ET. In this one-hour webcast, Gemma Craven (left), EVP, New York group director at Social@Ogilvy will discuss best practices for using the visual social platform and share some of her team's successful vine videos. Register here. 
Facebook recruiting solution Work4 Labs Wednesday announced an expanded suite of social recruiting products, a free version of its product targeted toward small and midsized businesses, and the closing of $11 million in series-A funding from Matrix Partners and other investors.
The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.
Facebook filed with the Securities and Exchange Commission Wednesday morning to add 83,818,263 shares to its Friday initial public offering, bringing the total offering to 421,233,615 shares of class-A common stock.
What do Digital Sky Technologies and Elevation Partners have in common, besides being investors in Facebook? Each is seeking to raise $1 billion.
Digital Sky Technologies, a major investor in Facebook, has social networking covered in its home country, as DST owns almost a quarter of Russian Facebook clone VKontakte.
According to a report from BusinessWeek yesterday evening, Zynga has raised an additional $147 million from Softbank. More importantly, the investment helps Zynga gain distribution. As Douglas MacMillan and Yoshinori Eki write, “Softbank and Zynga have discussed distributing and jointly promoting games through Softbank’s mobile-phone service in Japan and other countries”.
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After purchasing close to 2 percent of Facebook almost a year ago, DST, the Russian investment firm which has become one of the most dominant players in the internet startup space, has increased its stake in Facebook to 10 percent. Through an employee stock purchase agreement and the purchase of stock in private markets, DST has effectively become a Facebook fund.
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With a large investment in Zynga earlier this week and an increasing stake in Facebook (now estimated to be 5 percent), Russian Investment firm DST is rapidly becoming a large Facebook Fund. The company has publicly stated that it is willing to purchase more shares of Facebook beyond its existing stake, apparently purchasing shares at $14.77 per share. We’ve heard of third-parties purchasing shares of Facebook at rates as high as $25 per share though which makes DST’s investments theoretically a great buy.
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