Facebook $65B Investment
Facebook is turning into a power all it’s own. The investment firm General Atlantic is now investing in the social media giant and values the network at $65 billion which is a 30% increase from the last big investment in January according to CNBC.
General Atlantic is copping about 2.5 million Facebook shares from former employees of the network giving them a 0.1 percent stake.
In January Facebook had announced that they had dug up about $50 billion in investors and the leap by another $15 billion is sure to make people’s jaws drop.
Facebook has become one of the most astounding communication phenomenons in human history with as many as 500 million users. With roughly 7 billion people on the planet, that’s a huge percentage of that many people showing up at one place and it’s growing by leaps and bounds. There’s no telling what Facebook has in store for it’s members that may boost that number even higher and it looks like they won’t be hurting for money anytime soon.*Sponsored Links*