If you crunch the secondary trading numbers, Facebook is now worth a cool $50 billion, TechCrunch reports. That means the social networking site is worth more than eBay and Yahoo, and almost a fourth of Microsoft's value.
"We successfully completed our initial Facebook auction last week but I cannot comment on the size, price, or participants in the transaction," said Mark Murphy, head of public affairs for SecondMarket, which auctioned off $40 million Facebook shares last week.
That number will probably go up, and very soon. TechCrunch got its hands on an email from SecondMarket, which suggests that a new auction is already underway.
Comments are closed on this article
Ghok
December 01, 2010 at 2:23pm
Meh, Facebook has the potential to sell me stuff, but I barely notice their ads. They all looked like typical spam crap. I've never, for example, seen an ad for what's on TV tonight, or a brand of clothing I might be interested in. It's all that "ASK ME HOW I GOT THESE ABS" or "MAKE MONEY FROM HOME" bullshit.
I Jedi
December 01, 2010 at 12:42pm
Know what I love about fashion/entertainment? All of it dies off, and only to be replaced by something new. I look forward to the future Facebook killer.
someuid
December 02, 2010 at 8:52am
From SecondMarket's website:
"Leveraging our sophisticated online platform and team of market specialists, SecondMarket helps buyers and sellers transact in illiquid, restricted and alternative investments."
Yeah, there are a whole lot of dolts with some money to blow apparently, and who didn't learn (or weren't around) last time.
Illiquid, restriced, alternative = recipe for disaster. See: hedge fund, CDOs, mortgage mess of 2008-2010.
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