Friday, March 4, 2011

Facebook price is estimated as $65 Billion [Report]

Last estimated Facebook price was $50 billion and it has jumped to $65 Billion based on a new investment stake. It now became the most expensive site after Google. And it's traffic is also increasing day by day. There were other reports that says, Facebook will soo lead Google with respect to it's traffic in 2012.

CNBC Reports that, General Atlantic, a $17 billion investment firm, is now buying 0.1% of the company. And this estimated price of Facebook is based on value of that stake.
While the deal between General Atlantic and selling shareholders has been agreed to, it'll require the approval of Facebook and so has not yet been closed. 
Facebook was estimated $50 Billion in early January when Russian investment firm Digital Sky Technologies invested $50 million in the company.

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