According to Forbes, sources inside Facebook confirm $500 million investment via Goldman Sachs and other investors. This would value Facebook at roughly $50 billion. This is on the heels of a recent valuation based on a sale of about a half a billion shares of Facebook in secondary market trading (see the story here ).

Many think this valuation is insane at about 25X earnings (Facebook’s earnings are reported at about 2 billion).

What does this mean for insurance agents and agencies or any business for that matter? It further proves the point that Facebook is a real business. As a matter of fact, Facebook just passed Google in monthly visits. Read about it here –

You MUST have a solid social media strategy and it must include Facebook.