Facebook CEO Mark Zuckerberg says the rumors that the company needs additional financing are not true.
"Do you need money?" asked John Battelle, speaking with Zuckerberg at the Web 2.0 Summit in San Francisco.
"No," said Zuckerberg, without further elaboration.
Asked if the company could seek additional financing sooner than previously expected, Zuckerberg dodged the question by talking up the company's "two strong revenue streams" and international growth.
Facebook accepted a $240 million investment from Microsoft last year; and reportedly has roughly $120 million in the bank from Hong Kong billionaire Li Ka-Shing.
Zuckerberg must be comfortable with the company's cash, since Facebook is looking to grow its 700-strong employee base, at a time when most web companies are either slashing jobs or have frozen hiring.
"We're continually hiring really good people, the emphasis is in hiring really great technical people who are building things," said Zuckerberg. "We're also aggressively expanding the sales effort -- especially internationally."
Photo: Flickr/Duncan Davidson
