AfterDawn: Tech news

New investment values Facebook at $65 billion

Written by James Delahunty (Google+) @ 04 Mar 2011 16:18 User comments (5)

New investment values Facebook at $65 billion Facebook has been valued at $65 billion as General Atlantic looks to invest in the popular social networking giant.
General Atlantic is seeking to buy about 2.5 million shares of Facebook from former employees, which will give the firm a 0.1 percent stake in the company. The deal has not closed as it requires the approval of Facebook first, which has not given public comment on the original report from CNBC.

Back in January this year, Facebook announced that it raised $1.5 billion from investors that included Goldman Sachs and Digital Sky Technologies. At the time, the investments valued Facebook at about $50 billion.

The mammoth valuation of Facebook reflects its penetration into the every day lives of millions of people around the world. The site, launched originally in 2004, has amassed half a billion users across the world.

Tags: Facebook
Previous Next  

5 user comments

14.3.2011 18:29

How do ya figure?

to me facebook is not even worth the Turd i dropped this morning.


For Sale:

Parachute, Used Once, never opened small stain.
Best Offer!

24.3.2011 20:43

I love facebook, not only does it herd bullshit tards, it also helps ABC governments to sway national thought processes.

35.3.2011 10:47

If I had any share or ownership in facebook I'd be selling it now. Just a matter of time before people tire of it like they did AOL...


Just my $0.02,

dEwMe

45.3.2011 15:21

Originally posted by dEwMe:
If I had any share or ownership in facebook I'd be selling it now. Just a matter of time before people tire of it like they did AOL...

Not a chance, Facebook has $200 billion valuation bubble written all over it, seriously.

56.3.2011 7:55

HeHe i think futurma did a good job of summing this all up with their eyephone and twits episode, lol facebook is like the virtual gold reserve for data miners... who controls the gates to the mine has the power to print money.

Comments have been disabled for this article.

News archive