A new report from CNBC claims that Facebook, the world's most popular online social networking website, is now worth a staggering $65 billion. The report comes following the announcement that General Atlantic will purchase one tenth of one percent of Facebook, valuing the social network at $65 billion. The deal has been approved by investors of General Atlantic, but not by Facebook at this time.
Earlier this year, it was revealed that Goldman Sachs would invest $500 million into Facebook, valuing the company at $50 billion at the time.
A new report from CNBC claims that Facebook, the world's most popular online social networking website, is now worth a staggering $65 billion. The report comes following the announcement that General Atlantic will purchase one tenth of one percent of Facebook, valuing the social network at $65 billion.
The deal has been approved by investors of General Atlantic, but not by Facebook at this time.Earlier this year, it was revealed that Goldman Sachs would invest $500 million into Facebook, valuing the company at $50 billion at the time.
That means the value of Facebook has jumped 30 percent in about six weeks, CNBC reported.
General Atlantic, founded in 1980, makes equity investments in six high-growth sectors, including internet and media. General Atlantic also made early-stage investments in E-Trade Financial, Priceline.com and Lenovo.
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