Economy
12:48 07/03/2011
Facebook valued at $65 billion
An investment firm looking to take a small stake in Facebook has valued the social networking giant at $65 billion, U.S. financial news network CNBC reported.
Citing sources close to General Atlantic, CNBC said the firm was in the process of acquiring a 0.1 percent stake in Facebook by purchasing 2.5 million shares from that company's former employees, although the transaction has not yet been finalized.
Facebook, which already has more than 500 million registered users worldwide, raised $1.5 billion in January from Goldman Sachs Group and Digital Sky in a private share placing that valued the social networking site at $50 billion.
General Atlantic, an investment firm founded in 1980 that normally makes investments in the $50 million-$500 million range, has previously invested in U.S. luxury-goods retailer Gilt Groupe and Chinese e-commerce firm Alibaba, according to CNBC.
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Newsfeed
17:19
Pashinyan could recall CSTO after Aliyev's remarks, top Russian official says
Deputy Chairman of the Russian Security Council Dmitry Medvedev claims that Armenian Prime Minister Nikol Pashinyan could recall the...
Source Panorama.am
16:46
Over 137,000 people evacuated amid Los Angeles wildfires
At least five wildfires are raging in Los Angeles - the two largest cover more than 27,000 acres and are 0% contained, BBC News reports....
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16:30
Fog expected to hits some parts of Armenia
Dry weather is expected in Armenia's regions on Thursday and over the next few days.
No precipitation is forecast for the capital...
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16:05
Kremlin doubts Armenia can be member of both EU and EAEU
Armenia can hardly be a member of both the European Union and the Eurasian Economic Union (EAEU), Kremlin Spokesman Dmitry Peskov said at a...
Source Panorama.am
15:36
MP calls for int'l action to prevent Azeri aggression against Armenia
Opposition lawmaker Tigran Abrahamyan has warned that Azerbaijani is planning fresh aggression against Armenia, calling on international actors...
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15:00
Russia to continue building relations with Armenia, Azerbaijan, Kremlin says
Moscow is committed to peace, stability, and security in the Caucasus and will continue to strengthen relations with both Baku and Yerevan,...
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14:38
Expert: Armenian leadership lacks 'plan B' for possible war
Political analyst Suren Sargsyan has called out the Armenian authorities for failure to handle security challenges facing the country....
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14:06
Catholicos Aram I closely following California wildfire crisis
In recent hours, His Holiness Catholicos Aram I of the Great House of Cilicia has reached out multiple times to the Prelate of the Western...
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13:36
US refrains from commenting on strategic partnership with Armenia for now
The United States “has nothing to comment on or announce at this point” regarding the potential signing of a strategic partnership...
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13:08
Armenian government backs EU accession bid
The Armenian government has expressed support for a legislative initiative to launch a process for the country’s accession to the European...
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12:36
Baku TV again falsely presents ancient Armenian church as Azerbaijani heritage
A pro-government TV channel in Baku has once again falsely presented the 7th-century Armenian monastery of Harichavank as part of...
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12:00
Lucas Zelarayán returns to Belgrano
Belgrano de Córdoba has officially announced the return of Lucas Zelarayán after weeks of uncertainty, during which the club...
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11:45
Fog hits Armenian town
The Rescue Service has warned drivers of a road closure in Armenia as of Thursday morning.
In particular, the road...
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11:33
Hobart International: Elina Avanesyan through to semifinals
Armenian Elina Avanesyan, the No 6 seed, advanced to the last four of the Hobart International after American Amanda Anisimova, the No 3 seed,...
Source Panorama.am
11:22
Armenian school destroyed in California wildfires
As the windstorm wreaking havoc across Los Angeles County continues to rage, its devastating impact has left thousands homeless, evacuated,...
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17:07
Screen Actors Guild Awards cancel live nominations due to Los Angeles wildfires
The Screen Actors Guild Awards (SAG) nominations have cancelled an in-person announcement planned for today due to devastating wildfires and...
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16:53
Ex-ombudsman urges escape from Armenian government's 'propaganda trap'
Former Armenian Ombudsman Arman Tatoyan has warned of existential threats facing Armenia following Azerbaijani President Ilham Aliyev’s...
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16:11
Iran's top security official to visit Armenia after Azerbaijan tour
The secretary of Iran’s Supreme National Security Council (SNSC) has arrived in the Azerbaijani capital, Baku, for political and security...
Source Panorama.am
15:33
Aliyev, an aggressor, demands human behavior from others
Azerbaijani President Ilham Aliyev seems to be rapidly "thriving" in his rhetoric. His brazen comments, especially after the...
Source Panorama.am
14:34
Human metapneumovirus causes relatively mild symptoms, WHO says
“Amid reports of rising wintertime respiratory infections in China – including human metapneumovirus – and the impact on...
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14:07
Armenian deputy sports minister resigns
Armenia’s Minister of Education, Science, Culture and Sports Zhanna Andreasyan on Wednesday confirmed the resignation of her deputy,...
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13:30
Pashinyan responds to Aliyev
Armenian Prime Minister Nikol Pashinyan responded to the latest statements by Azerbaijani President Ilham Aliyev in an interview with...
Source Panorama.am
13:16
Meta ends fact-checking on Facebook, Instagram
Meta CEO Mark Zuckerberg said Tuesday the social media giant was rolling back the use of third-party fact-checkers on its platforms, starting...
Source Panorama.am
13:05
Armenian, Azeri border commissions to hold fresh talks soon
The Armenian and Azerbaijani border delimitation commissions, led by the deputy prime ministers of the two countries, will hold a new round of...
Source Panorama.am
12:36
Aliyev's threats against Armenia should serve as a 'wake-up call', politician warns
Opposition politician Eduard Sharmazanov has warned that Azerbaijani President Ilham Aliyev’s fresh threats against Armenia should serve...
Source Panorama.am
12:05
Hobart International: Elina Avanesyan advances to quarterfinals
Armenian Elina Avanesyan, the No 6 seed, defeated Belgian qualifier Greet Minnen 6-2, 6-2 to move into the quarterfinals of the WTA...
Source Panorama.am
11:30
Rescuers in Armenia free 4 stranded vehicles in one day
The crisis management centers of Kotayk and Aragatsotn Provinces received reports of vehicles trapped on several roads in Armenia over the past...
Source Panorama.am
11:20
Lladro produces 'Karabagh Horse' porcelain figurines as propaganda for Azerbaijan
By Harut Sassounian
www.TheCaliforniaCourier.com
Regrettably, the only things that matter in this world are money and power. All the...
Source Panorama.am
11:11
Trump says meeting with Putin possible after inauguration
U.S. President-elect Donald Trump has said again that he is eager to see negotiations with Russia on ending the war in Ukraine begin soon after...
Source Panorama.am
17:00
Winter military draft kicks off in Armenia
The winter conscription for compulsory military service commenced in Armenia on Tuesday.
A solemn ceremony was held at the Sardarapat...
Source Panorama.am
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