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Web 2.0 Weekly - June 2, 2009
- The month of May saw the highest level of financing activity in over 12 months, totaling $327.1 million across 20 financings. This was buoyed by a $200 million investment by Digital Sky Technologies in Facebook. - Excluding the Facebook transaction, May would have seen the lowest financing total for 2009 at $127.1 million. Ad networks saw the highest level of activity over the last three months. - The report analyzes 93 public web 2.0 companies with a total market cap of around $53 billion. On average, companies have $577 million in market cap and $152 million in revenue.
