www.heymusiq.in

By: bpavan

According to an article from cnbc last week Facebook has received a new investment that values Facebook at $65 billion dollars.

General Atlantic, a $17 billion investment firm, will soon become the latest investor in Facebook, buying one tenth of one percent of the company in a deal that values the social networking giant at $65 billion.

It should be kept in mind that the amount that was paid for this investment likely was purchased at a premium due to the scarcity of Facebook shares on the market.

$65 billion is to be contrasted with the current net worth of Google at over $163.2 billion (As of November 2010).  Facebook does have more traffic than Google, but Google is far more profitable as it is able to match advertising exactly with search results.

While the deal between investment firm General Atlantic and selling shareholders has been agreed to, it will require the approval of Facebook, and so has not yet been officially closed.