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Wednesday, 01 December 2010 10:26

Facebook valued at $50 billion

Written by Fudzilla staff


Largest private company to date
A recent reshuffle of Facebook shares on SecondMarket indicates that share prices have surpassed the $20 mark.

With 2.5 billion outstanding shares Facebook's valuation works out to around $50 billion, the highest valuation for a private company yet. In terms of value Facebook has already surpassed Yahoo and Ebay, not to mention other social networking sites. This is rather impressive for a six year old company.

It is unclear whether Facebook is planning to go public at any point in the future. It would make for a rather interesting IPO though.

More here.


Last modified on Wednesday, 01 December 2010 10:38

Fudzilla staff

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