24/7 LiveLos AngelesOrange CountyInland EmpireVentura CountyCalifornia
Welcome, Mickey
mickey@disney.com
Manage MyDisney Account
Log Out

En Español

7 On Your Side

Submit News Tips

Facebook believed to be worth $70 billion

kabc
By ABC7
Tuesday, June 28, 2011
PALO ALTO, Calif.

That estimate was made by analysts after GSV, a publicly traded investment firm, announced that it's invested more than $6.6 million in the site.

Shares of GSV shot up 41 percent on the news.

Facebook, which is a privately held company, has not commented on the report.

The social networking site is expected to go public next year.

Copyright © 2025 KABC Television, LLC. All rights reserved.
TOP STORIES
Demonstrations continue after massive DTLA 'No Kings' rally Saturday
Updated 13 minutes ago
Spectrum customers report outages after fiber lines cut in Van Nuys
Updated 1 hour ago
Padilla, Democrats write letter to Trump to remove military from LA
Suspect in Minnesota lawmakers shooting arrested by police: Sources
Updated 18 minutes ago
Several injured after car crashes into pedestrians in Inglewood
Immigration raid reported at Santa Fe Springs Swap Meet
Updated 10 minutes ago
Trump tells ICE to pause most raids on farms, hotels, restaurants
Show More
Helicopter carrying Hindu pilgrims crashes in India, killing 7
Man sentenced for 2 sexual assaults in Angeles National Forest
Weekend warmup hits SoCal. How hot will it get on Father's Day?
Backstage at Pixar: Go inside making of 'Elio' with cast, animators
2025 Emmy nominees: Which shows could be honored?
More TOP STORIES News
ABC7 Los Angeles
Topics
HomeWeatherTrafficU.S. & WorldPoliticsConsumer
Regions
Los AngelesOrange CountyInland EmpireVentura CountyCalifornia
More
Live VideoAppsABC7 En EspañolInvestigationsShop
Company
Submit News TipsTV ListingsAbout ABC7Meet the News TeamJobs/InternshipsABC7 Merchandise
Privacy Policy
Do Not Sell My Personal Information
Children's Privacy Policy
Your US State Privacy Rights
Terms of Use
Interest-Based Ads
Public Inspection File
FCC Applications
Copyright © 2025 KABC Television, LLC. All Rights Reserved.