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
17:23
Russia urged to press for release of Armenian prisoners held by Baku
Opposition MP Artsvik Minasyan urged Russia to press for the release of Armenian prisoners, including Artsakh’s military and political...
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16:45
Opposition MP: Armenian leadership 'legitimizes' Azeri crimes
The Armenian Revolutionary Federation (ARF) staged a protest outside the UN office in Yerevan on Friday, demanding immediate action to secure...
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16:04
Temperatures to drop in Armenia from Sunday
Clear weather is expected in Armenia on Friday, Saturday and later next week.
Rain and snow are forecast for some parts of the country on...
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15:36
FC Urartu joins calls for Armenian football chief's resignation
FC Urartu has joined the Armenian national team and Premier League fan movements and clubs in demanding the resignation of the current...
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15:21
Protesters outside UN office demand release of Armenian prisoners in Baku
Protesters gathered outside the UN office in Yerevan on Friday to demand the immediate release of Armenian prisoners of war and...
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14:45
'Brat' is Collins Dictionary's word of the year
Collins Dictionary has declared “brat” – the album title that became a summer-living ideal – its 2024 word of the...
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14:21
Armenian Genocide Museum head blasts Mirzoyan's remarks
Historian Hayk Demoyan, Director of the Armenian Genocide Museum-Institute in Yerevan, lambasted Armenian Foreign Minister Ararat Mirzoyan for...
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13:36
World Youth Chess Championships underway in Brazil
The FIDE World Youth Chess Championships 2024 are being held in Florianopolis, Brazil, from October 29 to November 9.
After the third round,...
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13:04
Russia says it is unhappy with Turkey's arms supplies to Ukraine
Russia is "surprised" that Turkey continues to supply Ukraine with weapons while trying to act as a mediator in the conflict between...
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12:36
Spain floods death toll rises to 158
At least 158 people have died in Spain's worst flooding disaster in generations as rescuers battle odds to find survivors, BBC News...
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12:17
Yerevan subway overcrowded in morning rush hour
The Yerevan Metro was overcrowded on Friday morning as passengers struggled to reach work and classes from the Garegin Nzhdeh station.
The...
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11:35
Armenia to host UN Biodiversity Conference in 2026
Armenia will host the next UN Biodiversity Conference of the Parties in 2026, the Ministry of Envionment reported.
"In 2026,...
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11:16
Lifter Emma Poghosyan crowned junior European champion
Armenian weightlifter Emma Poghosyan has clinched a gold medal at the European Junior and U23 Championships being held in Raszyn, Poland,...
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11:01
Paris Masters: Khachanov edges out Popyrin to move into quarter-finals
Karen Khachanov moved into the quarter-finals of Paris Masters by defeating Australian Alexei Popyrin 7-6 (5), 6-4 at the Accor...
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17:12
Biden bites baby dressed as chicken at Halloween event
U.S. President Joe Biden playfully bit a stable of adorable, dressed-up tots during a Halloween celebration at the White House on...
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16:57
Opposition factions seek parliament debate on Armenian prisoners
The opposition Hayastan and Pativ Unem factions have initiated an emergency parliament debate on a draft statement calling for the release of...
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16:15
At least 95 killed in Spain flash floods
Rescue efforts are continuing as Spain endures its worst flooding disaster in decades, with at least 95 people confirmed dead and dozens more...
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16:05
Catholicos Karekin II urges all to join prayer for Armenian hostages in Azerbaijan
His Holiness Karekin II, Supreme Patriarch and Catholicos of All Armenians, asked for people to join the prayer for Armenian hostages held in...
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15:45
West's meddling threatens security of entire Eurasian continent, Lavrov says
The aggressive activity of the US and its allies threatens the security of the entire Eurasian continent and increases the risk of its...
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15:14
Opposition MP criticizes Armenian government for Turkey's involvement in regional processes
Armenia's incumbent authorities are engaged in “stiff competition” with Azerbaijan on who is more committed to involving Turkey...
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14:36
Mirzoyan admits differences between Yerevan and Moscow on 'some issues'
Armenia's relations with Russia are very transparent, and the two countries are bound by strong economic ties, Foreign Minister Ararat...
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14:12
Armenian Genocide recognition not a top priority, FM says
Armenian Foreign Minister Ararat Mirzoyan says that the international recognition of the Armenian Genocide is not a top priority for his...
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13:34
Armenian government allocates 2.9 billion drams for subvention schemes
The Armenian government on Thursday approved a decision to allocate 2 billion 903 million drams for the implementation of subvention...
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13:05
Foreign minister: Armenia's participation in COP29 in Baku not ruled out
Foreign Minister Ararat Mirzoyan has not ruled out the possibility of Armenia’s participation in the UN climate summit in...
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12:45
Donald Trump boards garbage truck in response to Biden's comment
Donald Trump walked down the steps of the Boeing 757 that bears his name, walked across a rain-soaked tarmac and, after twice missing the...
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12:34
No Armenians among Spain flood victims – Foreign Ministry
No Armenian citizens or ethnic Armenians have been identified among the devastating flood victims in Spain, Armenian Foreign Ministry...
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12:07
Armenian FM 'cautiously optimistic' about peace deal with Baku
Armenian Foreign Minister Ararat Mirzoyan has expressed “cautious optimism” about the conclusion of a peace agreement with...
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11:36
World Championships: Armenia's Erik Arstamyan beats Azeri rival to reach semis
Armenia's European bronze medallist Erik Arstamyan has advanced to the semifinals of the IBA Youth World Boxing Championships in Budva....
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11:10
Paris Masters: Khachanov through to last 16
Russian-Armenian Karen Khachanov moved into the last 16 of Paris Masters by edging out French wildcard Giovanni Mpetshi Perricard 6-7 (12), 6-1,...
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17:09
Armenian parliament committee chair denies discussions about his possible ouster
Andranik Kocharyan, a senior member of Armenia’s ruling Civil Contract party and a lawmaker who chairs the parliament’s defense...
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