Facebook wants to borrow 100 million dollars to buy a server

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Social networking site Facebook has borrowed 100 million of dollars to help it keep up with explosive growth, according to an article published in Business Week, May 12.

Triplepoint, a risky lending firm at Menlo Park in California, is helping Facebook finance its purchases of more servers and other infrastructure spending. Facebook does not disclose the number of servers it uses. However, research firm Data Center Knowledge expects the social networking site to use 10,000 servers. The cash will help Facebook buy 50,000 servers to provide space for the company's development in the next two years, says Frank Gillett, vice president of Forrester Research, a marketing firm.

A list of Facebook sites shows that the site has 70 million users. However, ComScore's data shows that Facebook has more than 100 million users.

In January this year, Mark Zuckerberg, Facebook's chief executive, announced that the company's 2008 revenue would rise to $350 million from the original forecast of $300 million trillion, up from $150 million trillion in 2007. The private company announced a capital expenditure of 200 million dollars this year and a rise in the number of employees from about 450 to more than 1000.

Businessweek expects Facebook to get 350 million dollars in total.