Facebook Reaches All-Time High Value Of $50 Billion
Facebook's value may have reached an all time high of $50 billion, based on details of a private market transaction leaked to TechCrunch.
The value of Facebook may have reached an all time high of $50 billion, based on a private market transaction disclosed to TechCrunch Co-Editor and Founder Michael Arrington.
Arrington wrote that a transaction on SecondMarket last week moved roughly $40 million of Facebook holdings, at a price of $20.76 per share, for about 1.9 million shares.
Assuming that 2.5 billion shares are outstanding, including the fruit of a five-to-one stock split this year, the most recent transaction described by Arrington means Facebook has a $50 billion value.
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