Facebook jumps in value to $65 billion March 4, 2011 - 11:04 AMT PanARMENIAN.Net - Facebook has jumped in value from $50 billion to $65 billion, based on a new investment stake. A report on CNBC states that General Atlantic is buying 0.1% of the company. Facebook’s new valuation is based on the value of that stake, according to the article, which cites “people with knowledge of the transaction.” The deal has not been closed and required buying roughly 2.5 million shares from former Facebook employees, Mashable says. In early January, reports made the rounds that Facebook was worth $50 billion after Goldman Sachs and Russian investment firm Digital Sky Technologies invested $50 million in the company. General Atlantic’s other investments include Gilt Groupe and Alibaba.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
