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Public Wire

Rising Cost of Facebook Infrastructure; CTO Resigns

Last month, I wrote about Facebooks insatiable hunger for hardware. Over the weekend, Spencer Ante of Business Week reported that Palo Alto-based social networking company had raised about $100 million from Triplepoint Capital, a venture lending operation. It will be used entirely for servers, Facebook Chief Financial Officer Gideon Yu told Business Weeks Ante. That gives us a sense of how much hardware is gulping down. In other words, Facebook could easily increase its number of servers from ....

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on May 11, 08

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