Tech
Facebook Value Tops $94B in Private Auction
NEW YORK (TheStreet) -- Fresh on the heels of Facebook's recently announced $5 billion IPO, the company is now valued at $94 billion in an online auction of its shares on the private market.
SharesPost, a marketplace that buys and sells shares of privately held companies, completed an auction of 10,000 shares on Thursday in which shares were sold for $40 each. This values the social network at $94 billion, based on a share count of roughly 2.35 million. |
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