Facebook Now Valued at $65 Billion

 

Social media giant Facebook is going higher and higher in terms of its worth and value. A recent report by major investment and financial firm states that, Facebook value has jumped to $65 billion from $50 billion.

A report on a leading channel states that General Atlantic is buying 0.1% of the corporation. Facebook’s new valuation is based on the value of that stake, according to the article, which quotes “people with knowledge of the transaction.”

The deal is in progress and required buying roughly 2.5 million shares from former Facebook employees. 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.

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