Russians take stake in Facebook

Facebook has sold a two per cent share to Digital Sky Technologies (DST), a Russian internet company, in a bid to finally start making money.

Facebook turned five this year, but despite being the world's largest social network community with over 200 million users, it has yet to make a profit.

Mark Zuckerburg, founder of Facebook, said he wanted to tap into DST's experience of turning profits from its millions of users in Russia.

"These guys really have a unique profile, they are not the traditional investors that you get at a stage like this," said Zuckerberg. "They have a lot of experience that they can bring."

The deal between DST and Facebook values the company at $10bn (around £6.3bn), down from the previous valuation of $15bn when Microsoft bought a similar stake in 2007.